LONG - ZRX - Trade Opportunity#ZRX Kumo breakout on the 4h causing a breakthrough of the MA200, while also having nice MA confluence on other time frames, buy on a retest of the support/ma200.
Entry: 0.00008250
TP 1: 0.00008698
TP 2: 0.00008920
TP 3: 0.00009285
TP 4: 0.00010229
SL: 0.00007799
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ZRXBTC trade ideas
ZRX/BTC Analysis 0x:
1) Falling Wedge.
2) Possible Inverse Head & Shoulders,
with right shoulder forming.
3) The cloud remains bearish on the
daily but has flipped on the 4 hour,
creating some bullish sentiment.
4) MACD looks sideways on the daily,
though seems bearish on the 4 hour
5) RSI continuing rising trend on the
daily. May drop down to rsi trend line
before any significant move up.
6) Keep an eye on Bitcoin as it
influences the overall market heavily
and a drop in BTC will see the market
as a whole drop, including 0x.
IF a breakout occurs, expect an increase to the next resistance zone (blue line) - 0.00009122
IF breakout fails, expect a drop to the lower trend line of the falling wedge or possible lower to the next support level (pink line) - 0.00007304.
#ZRX / BTC (0x) algo playWe never met the the negative 0.236 which is an algo target of this fib and as predicted we bounced from 77, although still inside a falling wedge and the big triangle trend line, we didn't want to play that.
On the daily and big picture we have a big ass hidden bullish divergence but right now playing a bearish hidden divergence that will take RSI down to touch again and mark a final point on that RSI trend line, thus very, very strong hidden bullish divergence on the overall picture here and this normally means continuation of uptrend, in this case will be start of uptrend.
The start of this fib is our short term target as same as 200 EMA (purple and not static), once we get above 200 EMA or 0.236 fib we are long until the 0.65 fib algo target.
I've been neglecting 0x since Coinbase listing, but this is a prime chart with a lot of potential. Enjoy!
PM if you'd like to join me!
0X Looking Pretty... Will it hold the support?ZRX/BTC found strong support at 8k satoshis area, which has been rejected multiple times. Whether it means a trend reversal or just a correction is yet to be seen. However, the RSI produced a bullish divergence suggesting upcoming wave up.
The resistance is seen at 10k satoshis area, that is a 40% growth potential over the Bitcoin. But, the recent low at 7789 satoshis should be watched for a break below. Daily close below that level might confirm further downtrend and bears will take over 0X once again.
All-in-all it is worth watching the price action of the ZRX/BTC in the coming weeks, which could be surprisingly interesting.
ZRX BTC DAILY UPDATE BINANCE 130% UPSIDE SOONHEY HEY HEY, WHAT'S ROLLING, HOW IS IT GOING GUYS, WHAT ARE YOU UP TO?
HERE'S ANOTHER HIGH QUALITY SETUP FROM NICERYDERS, WE DELIVER THEM HOT OFF THE STOVE.
THIS IS ZRX BTC DAILY BINANCE CHART. AS A REMINDER ZRX IS COINBASE-LISTED, SO WILD SWINGS INCOMING.
GREAT BULLISH RECOVERY COMING TO THIS SPACE WITH OUTSIZED GAINS. IN FACT, UP TO 130% UPSIDE WITHIN 4/8 WEEKS IS POSSIBLE.
WE ARE EITHER AT THE BOTTOM RIGHT NOW OR VERY VERY CLOSE. PROPER LOAD ZONE IS NEAR 6K, TARGET IS 13500/14000.
SCALE IN NOW OR SOON AND GET READY FOR STRONG GAINS NEXT FEW WEEKS . AS A REMINDER - THIS IS A SWING TRADE - YOU HAVE TO BUY AND HOLD.
DO NOT EXPECT INSTA GAINS HERE.
GOOD LUCK
AND AS ALWAYS, I'D APPRECIATE IT IF YOU CAN UPVOTE MY ANALYSIS AND POST SOME COMMENTS IN THE SECTION BELOW,
THANK YOU AND HAVE A GREAT DAY
RYDERS
ZRX/BTC found support on the weeklyZRX (0x) found some support on the purple weekly line, it looks like it is done accumulating and ready for a small uptrend to the monthly white support for distribution.
I made an small entry on the purple support (weekly) in the green box, trying to trigger my selltarget at the red box (monthly support).
Stoploss right under the purple line (weekly support) < always plan you're profit and profit target.
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