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0x / TetherUS PERPETUAL CONTRACT

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ZRXUSDT.P trade ideas

ZRXUSDT createad a double bottom 🦐the price created a double bottom on the monthly support on 0.44$ after a ew rejections from the daily dynamic resistance. On the 4h timeframe, the price is testing the daily resistance on 0.51 at 0.382 Fibonacci level, with nice volume. How to Approach? We are monitoring the price, we want to see a clear breakout from the daily resistance and retest it as new support in order to apply ourrules for a new long position. Next resistance is 0.55$. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
0x vs Tether (Major Downtrend Ends, 125% Growth Next!)We can look at this in different ways... This time lets focus on the trend. Recently, ZRXUSDT (0x) has come out of a major downtrend, this downtrend remain active for many months. By downtrend we mean lower highs and lower lows. Now that the downtrend is over, what follow is an uptrend which starts with an impulsive bullish wave. Whatever action we see now is only the beginning. The green arrow represents the bullish path. It doesn't grow in a straight line. There will be retraces and corrections along the way. We are bullish now. Namaste.
Long
by AlanSantana
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