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ZRXBTC trade ideas

[ZRXBTC] 0x Protocol - Ride The Next Wave [130% PP]0x (ZRX) is "An Open Protocol For Decentralized Exchange On The Ethereum Blockchain". This is one of the most famous projects within the cryptocurrency industry, many people love it. So here is a trade by request of one of our PREMIUM supporters, I hope you enjoy it. We are going to trade this like any other atlcoin. We will look at the charts and trade according to the signals we get. We have a buy in range to better guide you as to when to buy into this trade. We are going to have targets, so that you can know exactly when to sell, and finally, a stop loss, in case the trade goes wrong. If that happens, we get stopped and go out only with a small loss. We have huge potential, with very, very low risk. That's because the market has been in bear mode for quite a while, so we are using a tight stop loss, with things turning around, the potential is big to go up, we are getting signals from all across the board. We are about to experience a new wave up... Let's start with the weekly chart:  Notice how a wave up follows each wave down, which is normal market behavior. We are at the end of a wave down, based on the candlestick formation, chart structure, market cycle, volume and indicators. You can also see the chart yourself, you can see how a wave up follows each wave down. Just as a wave down follows a wave up... regardless of what is happening in the market. Sometimes we have long wave down, some other times we have long waves up... Namaste... Let's continue with our trade. Now a closer look at the chart, let's look at the daily time frame; 24 hours per candle. This is good for practice and learning, let's see what we can spot from my favorite signals:  First you can notice the descending channel, red, on the chart above. You can see that after the #4 red candle, ZRXBTC price has been going up. ZRXBTC is now also trading above EMA10 (blue line). The #4 red candle, which is a hammer and where the lowest price was hit. Also coincides with the bullish divergence on the MACD followed by above average volume. All these signals point to additional bullish action. The RSI is at its highest since August and the STOCH is on the bullish side and trending up. All these bullish signals are asking us to open a position and trade this coin. Understood... Let's trade. Trade instructions by Alan Masters Buy in: (1) 0.0000900 - 0.0000940 Targets for 0x (ZRXBTC) for Alan Masters followers: (1) 0.0000997 (2) 0.0001161 (3) 0.0001291 Note: As soon as we hit our first target, we raise our stop loss above buy in price. This keeps us in profits once our trade starts to develop. To learn more about how to sell the targets, read our "Sell for profits" articles by clicking on the "Education" tab. Note: Not all targets are meant to be reached. These numbers are for reference only. Sell as soon as you feel confortable with your profits. You can sell at anytime you want, any amount you want. Stop loss: (1) Close daily below 0.0000795 Capital allocation: <10%. I hope you enjoy this trade. Thanks a lot for reading. Your support is highly appreciated. And remember... it doesn't matter what happens, YOU DESERVE THE BEST! Namaste.
Long
by AlanSantana
24
ZRXUSD: RSI, HMA, Takashi Bows -> LongHello, below I see a favorable setup for ZRXBTC for the short-mid term. 1. Takashi bow signals a buy signal 2. The daily closed significant above 80 Hull moving average (HMA) this signals a mid term change in direction of the trend 3. The RSI left the overbought zone, the previous 2 times this was the start of a mid term run 4. currently at strong support established since April The 38% and 61% fibonacci zones are good target zones to take partial profit in my opinion Attention BTC is currently at a resistance and can retrace a bit. Later it can continue it's short term run towards the 7K levels before getting potentially rejected at 200 MA again or the established downtrend since mars as I noted in previous BTC analysis's. A potential BTC rejection would most probably take away the momentum of our ZRXBTC trading pair. I'm looking forward to your feedback. keep in mind: no financial advise.
Long
by Bavo_DB
ZRXBTC - 4H - UpdateZRX has seen a nice runup since tapping into the demand zone around 7400 but seems to be breaking down from the triangle. Overall, with some alts starting to look bottomed out barring a BTC meltdown and possible coinbase listing soon, ZRX seems like a strong pick for a long. RSI and MACD seem to be turning up showing positive momentum and we are currently sitting right at the demand zone, which has held well so far. For the more adventurous traders, placing a long order in this demand zone could be a good play, targetting the top of the triangle as a take profit. For the more conservative traders, waiting for a pullback back down to the lower demand area could end up avoiding the loss from a break of current levels on a BTC move lower. Both stops would be placed below the SFP lows and targets are outlined in the chart. Please hit the 'like' button and give us a follow! Let us know what you think below! Thanks
Long
by CM_Trades
ZRX market structure tradingZRX looks bearish for the time being. Ever since its taken out 13401 satoshis (market structure shift level), its proceeded to make lower lows and lower highs indicated by the red boxes. Simple market structure trading. It had a nice little bounce at the demand zone around 9791 satoshis, but couldn't breach the resistance level preceding it. Take short trades on this with caution. If it doesn't bounce at current price levels, and cannot breach above 9791 satoshis should see accelerated selling once again towards the red line which is where i'll be taking profits. You can ultimately take profits inside the green zone, but I will be playing it safe and taking profits at the red line which is where an old high of a volume spike (buying pressure) is located. TLDR: Neutral until price dips below the pink box, will then short until prices reaches the red line located at the top of the green box labeled "target zone".
by vaxzem
#ZRX #cryptocurrency at support while doom and gloom everywhereWhat to do? Chart is pretty self explanatory, with obvious signs of past support in the highlighted green region. Price level indicated would be the level at which I see last area of real support, underneath which the support channel may be invalidated by heavy selling pressure. I'd look to take half position here and half near 8750 Satoshis if we get there and would be surprised if it didn't hold. Given the current environment, anything is possible. 0x has had some good fundamental developments lately, so coupled with the TA, it's one of the more interesting trades for me. I've been working on other projects and trading less because of the general environment, but some coins and the general environment seem to be approaching value-level areas which make trading/investing more palpable now. Of course, risk manage accordingly as we're certainly not in (and maybe not close to) a general bull market yet.
Long
by JustChartThings