ZRX began it's climb back upAt daily timeframe this breakout looks healthy. If you had eyed this trade but didn't enter because wanted confirmation for an entry THIS IS IT. Further than here it'll be kinda late.
Remember, in AltsBTC pairs to go up both USDT and BTC pairs must go well, in this case this is happening. Before BTC goes crazy this is a good window to enter. If you entered when I've done my first TA you're in profit already. Timing counts more with BTC pairs than with USDT one.
If you don't wanna enter now at this momentary peak eye 2594sats as good entry price! We must head over 4100 sats so KEEP SHARING AND BUYING ZRX!
ZRXBTC trade ideas
uncertain situation befor blowing upWe're currently on 0.786 Fib line, if we go under this one this wedge it'd probably gonna break downwards, at least for what I've read/seen about wedges (write if you have different experiences).
If you like to see the silver lining be informed that MFI indicates a bullish DIV on the daily and price is right on the BB lower band (not shown, I've free account, can't show you too many indicators). However I don't know if this will be enough to bounce back. Especially because recently I've seen bearish DIV into bear flag being invalidated so... in bull season there are too many investors who don't care about TA so this can invalidates it as well.
I'm not optimistic, if I'm right and we go down I think one between yellow and red path is likely to happen. We'll plummet to one of those levels until RSI and MFI is oversold on the daily (it is already oversold at 4h), after that, if we take former oversold period as "model" we should head up pretty strongly reaching the 5600-5800sats area.
If anyone of you has some FA on 0x project please post it
ZRX can break outIn some of my previous TA I said that recently I've seen a lot of coins doing a reversal between 0.618 and 0.716 Fib lines. The fact that price bounced on EMA 200 between those levels makes me think that this can possibly end up in a breakout.
The only bad sign is the daily candle which, should it close like this, would be bearish.
Remember that very often wedge retest support after the breakout.
Let's see what happens
ZRX - Bullish Setup: Golden CrossZRX/BTC is set up for some bullish action, as the 50 Day Moving Average has now Crossed up and over the 100 Day Moving Average, on the 1D chart. This represents the Golden Cross, the MA50 (shorter term) movement climbing above the longer term price, can mean a turn around is coming.
The other charts are showing similar patterns, some with cup and handles (NU/BTC)
Lets multiply our BTC!!
ZRX keeps bouncing inside the wedgeZRX didn't find enough volume to break out from the wedge so down to 0.786 Fib line we go. From there we must go up because this wedge won't have much meaning anymore. In any case this project good so it's reasonable to expect a good pump sooner or later! Let's hope sooner!
Use my drawning to find a good entry point.
Not all dumps come to harmMy portfolio is bleeding very badly, however the trades with BTC pairs can actually benefit from this crash. As you can see EMA 200 is below the chart (it's the same at 4h and at 1h the candles go up and down). For the moment we can assume that the trend is still bullish even because RSI is over 50%.
I'm sharing the daily chart because it's easy to see the chart's zig-zag inside the bull flag, even if the bouce upwards happened a little bit below the support I had drawn it happened and right now it seems there's an uptrend. Now, if BTC moves slowly this could help this trade, especially its price doesn't rise much.
I'm positive on this.
BTC dumping is good for ZRXBTC pair!As you can see the BTC dump initially benefitted ZRXBTC pair, now I don't know why it's going down as well but makes no sense. I think if you wanna enter ZRX on the BTC pair this is technically a good moment, but this if market follows TA rules and reasoning which is not something to take for granted nowdays
ZRX should bounce on a bull flag lower levelUnfortunately I can't post signals with multiple timeframe, however just know that the 2 green lines are bottom and upper level of a daily bull flag. In the falling channel you can see at 1h volume profile shows how price did a reversal on the control point (when many people entered the trade). Control point area coincide with 0.5 Fib retracement level (not shown) so it looks very fine!
I think that in this area is super safe up to 3200 sats, between 3200 and 3300 there's an uncertain area but if it goes over 3300 it should test the upper resistance (green line) and hopefully break out. You can see from the target there's a potential profit of +56% from there, if you enter at the bottom it's around +80%.
Trading BTC pair is kinda different from stable coins because it's like solving a 2 variables equation but once you make profit on this and you get BTC you realize it was worth. Remember, once a channel breaks is broken out price goes up and very commonly comes back to retest the upper level as a support. Don't sell in case you see the retracement as long as it stays in the support area.