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Zrxusdt

ZRXUSDT - POTENTIAL BUY ENTRY ANALYSIS 🔎 - ZRXUSDT is printing an ascending triangle pattern. - Price bounced off the ascending triangle's inclined support. - Price also brokeout above the descending trendline resistance. - We could see a test of the ascending triangle's horizontal resistance. BUY ENTRY ⬆️ - Breakout above the horizontal resistance level (R1). TARGET 🎯 - Ascending triangle's horizontal resistance. SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh
2
ZRXUSD is aiming the $1 level and bullish pressure is mountingZRXUSD In daily timeframe we have seen a clear bullish engulfing pattern today. And the candle was so big enough to push the upper side limit which is holding this crypto since May 2020 and ZRXUSD has managed to reach the yearly high around 0.960000 level which is around $1 and felled below the .50 level and started trading within a confined range and it cannot break the 0.55 resistance level. Today we have seen a clear break out of the upper side immediate resistance. And 0.60 will act as decent resistance for the bull. And after that 0.70,0.80 and 0.90 will come in to light in coming days. We can see the series of Minor Elliot correction waves are formed within this narrow trading range. During the weekend investors will search for a new lows to buy @ the tip rule. .30 has clearly acted as good support for the bull since may this bear cannot breach this level. Currently .382 Fibonacci level is also acting as strong resistance and the today upward thrust was capped by the .50 Fibonacci retracement level comes around .740000 level. On upper side .824000 would be a decent target for the bull as its coincides with .786 Fibonacci level. $1 will be a swing target All the 02 EMA's (50,100,200) is acting as decent support for the bull. Ichimoku cloud is still red and the cloud is acting as decent support too On Bollinger band it has breached the upper side of the band and the band width is widening and its a clear sign of further bullish pressure was mounting.
COINBASE:ZRXUSDLong
by forexorbit
3
0x (ZRX) - January 1Happy New Year!!! Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We have to see if we can go up along the uptrend line. You should watch for any movement that deviates from the 0.3260-0.4490 segment. If it falls from the 0.3260 point, a Stop Loss is required to preserve profit and loss. If it moves sideways between 0.3260-0.4490, it is expected to create a larger wave with the stored force. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
by readCrypto