ZRXBTC trade ideas
Analytics ZRX/BTCWe observe a stable downward channel. The current support area is 0, 00009120 - 0.00009080. In case the price passes this area, the next support level is the lower line (blue on the chart) of the channel, so the price may drop to a global support level of 0.00005600.
If the price of an asset is slowly going upstream, then it go to the top line of the channel, should observe price after that. Because were observed massive sales for a large volume on the asset within a month, pay attention - if the rate is rising up to 0.00010850 for today, this will be a sign that the price is being manipulated for the further sale of the asset.
In relation to the BTC, 0x did not drop very much, the price kept in its channel.
messy chart but I hope you get the ideaWe might have just completed the 5th wave down as long as btc doesn't make another drop.
We hit a daily 9. 1h divergence and looking to build momemtum to break out of the falling wedge to make an abc correction.
Where you make the trade is up to you. Take it now and get out if we're looking to move one more leg down or wait and see if we break out the falling wedge and if you're too late buy the pullback.
$ZRX Downswing Nears EndZRX clearly travelling in a downtrend. Its currently riding along supports with a good volume profile at this level.
With impending Coinbase add coming shortly and the strength BTC has shown I anticipate a break in this downswing and moving upward.
Lots of upside here, not much downside IMHO.
ZRX/BTC nice entry aheadhi @all, i´m new to TA,
bearish market aside, 0x has big potential - coinbase ahaed… if you want a good entry i think because of the overbought markt indicators, the 13000-13150 area is good entry. Maybe we bounce on the bearish Trendline, before we break out... all we need then is volume ;)
tell me your constructive thoughts. i´m willing to learn.
ZRX/BTC, Bullish View!What's up world? Long time no see.
I'm back with new spirit haha :D
Here we go!
I am verry bullish for zrx.
Look at the RSI, we got bullish divergence, and look, everytime we have bullish div on 4h TF, we bounce so hard, upto 30%++.
In addition, we hit the hard support here, and look at the pivotal everytime hard support line hitted, the gain is upto 100%++.
I have more time for analysis again now and I promise that i will update frequently again.
I think that's all.
Thanks :D
ps: btw i'm bullish on btc for short term :)
A trading opportunity to buy in ZRXBTCTechnical analysis:
. 0X/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000108 to 0.000095). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000108)
Ending of entry zone (0.000095)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000124
TP2= @ 0.000134
TP3= @ 0.000143
TP4= @ 0.000154
TP5= @ 0.000184
TP6= @ 0.000206
TP7= Free
A trading opportunity to buy in ZRXBTCTechnical analysis:
. 0X/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.000108 to 0.000095). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000108)
Ending of entry zone (0.000095)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000124
TP2= @ 0.000134
TP3= @ 0.000143
TP4= @ 0.000154
TP5= @ 0.000184
TP6= @ 0.000206
TP7= Free