ZRXUSD trade ideas
0X , Hunt this long-term Buy opportunity for ZRXUSD.Technical analysis:
0X/DOLLAR is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 36.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (0.435 to 0.260), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.435)
Ending of entry zone (0.260)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.728
TP2= @ 0.854
TP3= @ 1.178
TP4= @ 1.435
TP5= @ 2.060
TP6= @ 2.529
TP7= Free
0XUSD ,TP2 hit with 2505420 profit. New Buy Opportunity...0X/DOLLAR
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
There is still possibility of temporary retracement to suggested support line (0.728), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.593040(day close price) based on reversal candle (Hammer) at 04.03.2018 .
Total Profit: 2505420
Closed trade(s): 395920 Profit
Open trade(s): 2109500 Profit
Closed Profit:
TP1 @ 0.728 touched at 04.05.2018 with 134960 Profit.
TP2 @ 0.854 touched at 04.17.2018 with 260960 Profit.
134960 + 260960 = 395920
Open Profit:
Profit for one trade is 1.014940(current price) - 0.593040(open price) = 421900
5 trade(s) still open, therefore total profit for open trade(s) is 421900 x 5 = 2109500
All SLs moved to Break-even point.
Take Profits:
TP3= @ 1.178
TP4= @ 1.435
TP5= @ 2.060
TP6= @ 2.529
TP7=Free
Technical analysis:
0x/Dollar is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 70.
0XUSD ,TP2 hit with 2505420 profit. New Buy Opportunity...0X/DOLLAR
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
There is still possibility of temporary retracement to suggested support line (0.728), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.593040(day close price) based on reversal candle (Hammer) at 04.03.2018 .
Total Profit: 2505420
Closed trade(s): 395920 Profit
Open trade(s): 2109500 Profit
Closed Profit:
TP1 @ 0.728 touched at 04.05.2018 with 134960 Profit.
TP2 @ 0.854 touched at 04.17.2018 with 260960 Profit.
134960 + 260960 = 395920
Open Profit:
Profit for one trade is 1.014940(current price) - 0.593040(open price) = 421900
5 trade(s) still open, therefore total profit for open trade(s) is 421900 x 5 = 2109500
All SLs moved to Break-even point.
Take Profits:
TP3= @ 1.178
TP4= @ 1.435
TP5= @ 2.060
TP6= @ 2.529
TP7=Free
Technical analysis:
0x/Dollar is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 70.
0x Bull-mode herePossibly in a rising channel; looks like it just completed a wave 2 with a monster 3 wave taking it up to $6 or so. Lots of worries recently about regulations on centralized exchanges. 0x will be a huge winner if there are. Additionally, with their Ethermint implementations using Cosmos they are setting themselves up to be a 'must-hold' going into 2018-2019 here.
I'm long.
I expect good things from the 0x platform and .... ... the chart looks like it will blow up in the next few days!
N/A - DYOR
0x Has x10 Potential0x Coin found the bottom at $0.35 after which price broke the first downtrend trendline and then 50 Moving Average. However, currently ZRX/USD facing strong resistance, represented by the upper trendline of the descending channel as well as the major downtrend trendline.
It seems that it's only a matter of time before 0x breaks above, although it is better to wait for that confirmation. When/if that happens price is likely to start moving higher producing a new all-time high. The first resistance is seen near the $3 psychological resistance level, while the final target could be as high as $4 area, which is 161.8% Fibs.
On the downside, while price remains below the descending channel, consolidation could take place sending price back to the $0.45 support level, which is the breakout point of the downtrend trendline. And only break and close below $0.35 could invalidate bullish outlook.
ZRX/USD - 30% Pump INCOMING! Wait for BreakoutAttention to the yellow line If the price breaks it, BUY ZRX AT MARKET PRICE!
Targets $0.85 - $1
0X - Long Trade Setup ZRX looks to be breaking above the median of this descending pitch fork, and the 23.6 fib - targeting the next fib level for TP 1 (38.2 level)
I'm taking the trade-
Entry: $0.63
Stop: $0.54
Target: $1.00
Risk: 1/4 normal risk
ZRX WAVE PATTERN CHANGESZRX building a case for redirection
just looking into this
I welcome discussion about the platform
ZRX/USD - Breakout incoming 10% potential profitAttention to the yellow line. If breaks, the price will reach the target at $0.63
ZRXUSD - SOMETHING WRONG WITH THE COUNT ... IMPORTANCE OF RSIHi, if the previous idea that is working really great for the trader, the chartist I also am was not satisfied because of the count.
Can you spot the difference?
- Equal leg area in an ongoing cycle tells us that count needs to continue to push until this area is reached (truncation at 61.8%-78.4% is also alright).
- RSI divergence. I use this only to determine if a 5 legs is a motive 5 waves or a corrective structure (that most people identify wrongly and therefore want to see 5 waves everywhere and, digressing, the reason why I do not use WXY or ABC but 12345 because it is all the same for the patrons (traders) who want levels. ABC is a WXY with at least one leg extended (5-3-5 or 3-3-5 against 3-3-3 at the same degree).
Based on this new count, the marginal new low made more sense and the next phase can now be presented. See the difference now?
So, what level would you go long (or short)?
ZRXUSD - LONG SETUPI missed the previous entry but this double correction is a good opportunity.
I want to be very clear here that there is no bullish sequence in 1h and 4h. This is counter-trend and I take the trade because I already made a profit in daily trade and that adding here does not make me take any risk here.
The exact level was proposed in previous idea (linked below) and in our patreon.
ZRXUSD ANOTHER TRY LONG SETUPFollowing missed trade on previous idea, here is a possibility for coming sessions with a setup in 1h/15min time frame.
Will update this one, eventhough I am already in ZRXBTC trade.
ZRXUSD 4H UPDATE - 24/03/2018Cycle ended on 19/03/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence.
First 3 waves down truncated at 61.8%-78.4% extension. From there bounced in 3 waves to fail below last high.
Expect double correction lower if reached to buy 0.4485, Stop 0.3510, target 0.7390-0.8073 and open, stop below 0.3510.
