ZRXBTC trade ideas
Went in this last night.Sure, we can breach that white line. But historically its a quick and rewarding recovery.
Into decent deep retrace levels on recent fibs.
Keep it simple.
TA perverts, draw multiple descending wedges as i have done and its GOAT territory.
DNT in same family and looking reasonable as well.
These things pop big time is the point.
Zrx / BtcLong term view. Currently attempting breakout from HTF resistances. Turn that resistance into support for the weekly close and it might be moon time.
I like the look of the 1.618 as a target but we'll see what happens.. I'm aware that btc is looking at breaking out of its range, with a target of $75k, that could ruin some alt setups if it does.
$ZRX looks promising for break outCoins that accumulate slowly without much hype such as District Ox has gained my attention. Coiling in a small triangle, 4th touch so should see it break higher now. A 5th touch and further consolidation within the triangle would not be ideal.
Need to see good volume.
Zrx/btc 1w It's going to explode soon...I think 3 years resistance line around 3792 sat rejection was the last one and we will break there permanently in the next attempt. Considering the white ascending triangle + yellow harmonic BAT pattern on weekly, descending wedge and rising channel on 4 h. My first target zone will be 8000 sat zone.
ZRX is about to break big resistanceIf you look at the chart we are fighting against resistance that is still holding zrx/btc since 2017/18 we had multiple fakeouts during this time (last one took place yesterday on 4h). In 2021 we found great support that is still pushing zrx up. I hope in 1-2 weeks we are going to see massive breakout and achive levels from 2018 (more than 500% comparing to btc)
It is not financial advise
$ZRX/BTC 4h (Binance Spot) Descending channel breakout & retest#0x Protocol broke bullish and seems to be preparing for next move up after that pull-back.
Current Price= 0.00003119
Buy Entry= 0.00003074 - 0.00002990
Take Profit= 0.00003466 | 0.00003725 | 0.00004064
Stop Loss= 0.00002742
Risk/Reward= 1:1.5 | 1:2.39 | 1:3.56
Expected Profit= +14.31% | +22.86% | +34.04%
Possible Loss= -9.49%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 2 weeks