ZRXUSD Retest Leading to ContinuationOn the left the Monthly chart is shown, the bullish nature is evident just by looking at the Channel, the green circle shows how support was found along the middle band of the indicator
This support is currently being retested
On the right is the ZRX/ETH chart, which shows ZRX emerging in a bullish state after a long period of bearish movement, this bullish state can be identified by the thinning Fibonacci Bollinger bands
The breakout will be massive and will definitely be reflected on the USD pair
Zrxusdt
ZRX | Yearly Outlook | 3rd Wave PlayTechnical Analysis
ZRX/USD has completed a 5 Elliot wave structure followed by a A-B-C correction structure. This entire play completes Wave 1 and Wave 2 respectively in the broader structure of ZRX/USD.
ZRX/USD has now started Wave 3 of the broader structure and poses a good risk reward in the long term.
Fundamental Analysis
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Bearish Flag on ZRXUSDTBased on technical factors ( Flag ) there is a short position in :
📊 ZRXUSDT
🔴 Short Now 0.8744
🧯 Stop loss 0.9494
🏹 Target 1 0.8220
🏹 Target 2 0.7430
🏹 Target 3 0.6140
💸Capital : 1%
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Is it possible for the ZRX crypto to recover?After Ox joined with Coinbase, the world's second-largest cryptocurrency company, the price of ZRX skyrocketed. Coinbase's non-fungible token (NFT) marketplace now includes Ox as its blockchain supplier. As a result, its coin price is rising as investors believe that this is a validation of the network.
Bullish Scenario: Before the Coinbase alliance, the ZRX price was in a gradual upward trend on the daily chart. ZRX has increased by more than 50% and is now trading at $0.89, its highest level since December of last year. ZRX is trading above the $0.80 support level. If it remains above this zone and the $1.01 resistance level breaks, we could see a move towards $1.18, $1.41 and above.
Bearish Scenario: ZRX is still in a downturn on higher time frames including daily, weekly, and monthly so we aren't quite out of the woods yet to have a strong optimistic bias. Failure to hold the $0.80 support level and a break below $0.65 might lead to a slide to $0.52 and even below.
ZRX very uncertainFor starting I'd like to say, for those who missed it, that I'm bearish on BTC and from this point of view this pattern on ZRXBTC should be bullish. Secondly volume and indicators are not the in the best shape to support a bullish pump and ZRXUSDT looks like it has already broken out (a pennant in that case) but can't sustain the pump
Here I see a symmetrical triangle which is usually a continuation pattern, in this case it should breakout and reach the target as I indicated on my chart. I don't think targets are much reliable lately though. I've seen EMA 200 holding and price which is good but I see volume going down on both pairs (BTC and USDT) and especially how the daily candle is shaping up after 2 other candles which are not very attractive for a long.
My opinion:
- if ZRXUSDT breaks out current resistance (0.743USDT) and closes over there you might enter as long as BTC runs out of steam (things I suppose gonna happen soon unless current BTC price get stustained from volume.
- if ZRXUSDT gets rejected don't enter or short it
- check ZRXBTC on the weekly, if it closes like this: then you can expect it going up
I know, ALTS against BTC TA are always more complicated, this is the only one I'm into and hopefully will deliver sooner or later
Symmetrical Triangle on the ZRXUSDTBased on technical factors there is a long position in :
📊 ZRXUSDT
🔵 Long Now 0.7350
🧯 Stop loss 0.6480
🏹 Target 1 0.8090
🏹 Target 2 0.9490
🏹 Target 3 1.0390
💸Capital : 1%
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Please support our activity with your likes👍 and comments📝
ZRX about to sky rocketWe've come a long long corrective way, finally bottomed out and started an early wave 1 of 3 leading to around 3$.
But watch out, we're about to finish a subwave 2 0.50$ to 0.66$ before going incredibly strong.
Dont chase best price. You dont wanna miss this train
Hold my beer pls
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No financial advice, do your own research, don't be stupid
Lets See What We Have Here!?Alright i guess your all know the markets condition right now and how critical is it,so try to manage the balance that you are trading on and buy some #ZRX for the next #days it could do some perfect movements, i marked everything on the chart and i previously shared the #futures #position idea on the tradingview platform you can search and find it on my profile idea section!
Be safe!