ZRXBTC trade ideas
ZRXBTC change in market structure potential 15% trade Broke out of the recent down trend and moved sideways forming double/triple bottom and a new Higher high
recently had and push and now waiting for retest of support for entry, which is around 38.2 fibs (bullish sign)
My plan is to take 50% profit at support/resistance at 2259 and move up SL to the 2500 area underneath the daily uptrend line (red for daily)
final take profit at 2868
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ZRX/BTC - textbook complex correctionZRX is one of the altcoins with the biggest potential for next weeks/months. Although altcoins in general are very bearish and 90% of them are in heavy downtrends, but ZRX looks just perfect. ZRX had very nice uptrend cycle, made of 5 waves and since then, we are 155 days in boring correction. This is just textbook WXYXZ correction and this correction will be finished very soon and after this correction is finished, ZRX should continue in uptrend and go up AT LEAST to 4800 satoshi, which is nice 100% profit from current price.
ZRXBTC in Giant Bullish Triangle ZRX/BTC, despite the extreme fall of the BTC, has barely moved and continues to consolidate in the huge Bullish Triangle. Price movements decrease over time and the price level is compressed, followed by BreakOut. If the ZRX allows us, I will certainly get it at 2750sats, from which I expect a reflection towards UP. As support we can consider the BK231 indicator, which is starting to have a growing tendency and this suggests the transition from the correction to the impulse structure. In the case of Fake BreakOut, I also charted the Re-Buy zone at 2100sats. Further in the chart you can see the Key and Bullish zone, these levels will have a big impact on the future development of the chart. In the Key Zone, we have to notice the reaction of Bulls and Bears. Once we test the Bullish Zone, the chart will continue to UP to fill our Target. The first Take profit zone is determined by the horizontal resistance (5100sats) and the second Take profit zone is the Fibonacci projection of the 1,618 first pulse wave (6230sats).
ZRX/BTC only bullish indicationHello traders,
Zero X is on a clear strong bullish momentum, the price broke the long term downtrend line, made a pullback to test as support, we stay above a important support level and acumulated, now we just broke the short term downtrend line, a uptrend is coming for Zero X.
Very Very Bullish.
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0x (ZRX) vs BTC0x is poised to make a 100% move to the 600-day MA. Always nice to take a position as we enter the Gaussian Channel from under, especially as price action has retraced to the 78.6 Fibonacci level following a spike to the upside confirm trend reversal. Possibly the most bullish chart I've seen in a while.
3-day - evident higher lows on the Stochastic RSI as double bottom on price action forms
Higher lows on the weekly chart, watch closely the RSI on entering the bullish divide. If it does not happen before March 10th the support is invalid.
Structural Resistance| 200 MA| Higher Lows Hello Traders!
Today’s update will focus on ZRXBTC which has broken the 200 MA, structural resistance still in play
Points to consider,
- ZRX respecting trend line
- Structural resistance to break
- 200 MA support
- RSI resting on support
- Stochastics in lower regions
- Volume below average
ZRX has put in consecutive higher lows in place, respecting the underlying support line. Structural resistance is yet to break; it needs to be confirmed with a retest to avoid a false break.
The 200 Moving Average has been broken and is now tentative support which must hold true for upcoming weeks.
The RSI is neutral, resting on its support whilst the stochastics is currently in the lower regions, can stay trading here for an extended period of time.
Volume nodes are clearly below average, needs to increase upon a bull break of structural resistance for healthy continuation.
Overall, in my opinion, Structural resistance needs to break with a confirmed retest to avoid a false break; this will negate the overall bearish market structure.
What are your thoughts?
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ZRX/BTC 1H (Binance) Falling wedge on support0x Protocol is quite promising for mid-term, let's see if it can grow short-term too.
Exiting this bullish pattern would probably propel it higher but this is a safe set-up:
Entry range= 0.00002815 - 0.00002763
Take Profit= 0.00003032 | 0.00003122 | 0.00003211
Stop Loss= 0.00002546
Risk/Reward ratio= 1:1 | 1:1.53 | 1:2.27
Expected Profit= 8.71% | 11.94 | 15.13%
Possible Loss= -8.71%
Fib. Retracement= 0.382 | 0.5 | 0.618
ZRX
1W From the local low, price has made a strong move into the weekly order block which has been strongly rejected..
On the 1D price came down and found support on purple line, also wicked down into the 25% range which showed buyers present.
200EMA is sweeping in to add to support, price may want to touch this before a move up...
On the 4H price wicked down into the 200EMA and buyers jumped in, if this level holds and acts as support, could be a good long to the 50% ?
Alternately if we go back to the weekly,