ZRXBTC trade ideas
ZRX- End of WXY correctionZRX/BTC is possibly ending the WXY correction and double bottoming. A lot of confluence in the current area with oversold RSI indicator in multiple time frames and low volume selling. The reaction off of this falling knife drop would show where we really are. The ZRX/USD pair seems to be correcting off of a impulse up from the possible bottom times with the BTC pairing possibly bottoming might be foretelling a huge rally to 100% rally in USD value.
ZRX double bottom?ZRX doesn't look the greatest right now but it could very well be forming a double bottom here near the lows
Sitting right at support, a strong move away from this demand zone could spell some very nice upside in the coming weeks
A break to new lows could spell problems and the trade would be cut
Thanks guys!
ZRXBTCZRXBTC
Entonnoir : W/D/H4 (swing)
Nous avons également un setup intéressant sur cette paire avec une compression daily (jaune) sur le point de se former en bas de la compression weekly (blanc). Si on en sort par le haut, le biais weekly deviendra haussier et il serait intéressant de se placer à l'achat à ce moment là.
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Funnel : W/D/H4 (swing)
Also another interesting configuration on this coin with a daily compression (yellow) starting to shape at the bottom of the weekly compression (white). If we break that future daily compression by its top, the bias would become bullish and it would be interesting to go long on this setup.
ZRX - Multiple time frames show near bottomShowing in the 1Month charts
Jan 15th 2018 - Present the building of an
Adam and Eve pattern and we are at the bottom or near
before the back half of the pattern.
Showing on the 1W charts
May 7th 2018 - present the building of a large
descending triangle. We are nearing the apex of it.
Time for it to break out or break down.
Things which support a break up.
*Adam & Eve pattern on 1M
*1 Year descending wedge triangle
*decent volume Inverted hammer
ZRX - 1M Adam and EveShowing in the 1Month charts
Jan 15th 2018 - Present the building of an
Adam and Eve pattern and we are at the bottom or near
before the back half of the pattern.
Showing on the 1W charts
May 7th 2018 - present the building of a large
descending triangle. We are nearing the apex of it.
Time for it to break out or break down.
Things which support a break up.
*Adam & Eve pattern on 1M
*1 Year descending wedge triangle
*decent volume Inverted hammer
10:1 RR on ZRXBTCAlthough wave 1 wasn't impulsive, we have had an 85.4% retracement which makes for a good RR ratio.
Break of the March low will invalidate.
The weekly MACD has crossed above the signal line for the first time since June 2018.
The 161.8% Fib lines up quite nicely with the upper boundary of the inside pitchfork, as well as the low of the June capitulation.
Resistance at the top of the weekly BB however which is below the target. Could take some profits there and look for a better entry.
See how it plays out.
0x [ZRXBTC] Prepares for a Bullish Wave (150% Profit Potential)Welcome to this updated analysis on ZRXBTC Let's get right to it!
Would be equivalent to a rise of 150% Therefore, if 0.00006998 can hold support line
if this bullish roll in, maybe ZRXBTC will break resistance and reach 0.00006998, bullish flag projection.
A breakout above the trend line would cause ZRXBTC to rally to about 150%
I expect to see a breakout to the upside.
ZRXBTC Targets:
0.00006239
0.00006998
0.00008031
This information is to be used for educational purposes only
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$ZRX Another asset sitting at a good support level (~6300sats)..$ZRX Another asset sitting at a good support level (~6300sats)..
Bounce from here could be expected as market starts to rise
I would like to see better volume levels or a daily close above the support level as signals of confirmation..
Will update as soon as I see changes!
#ZRX