ZRXUSDT trade ideas
ZRXUSDT - Huge breakout if resistance can be overcomeZRXUSDT facing a resistance around the 1.80 mark. If we see a candle close ABOVE the 1.80 resistance, it's poised to break out to the 2.05 level with no further resistance in sight along the path. Do watch the price in the coming hour, it may present a good opportunity for a shot at a <10% gain.
Small retracement 0X before MAJOR targetAs seen on the chart the last high nearly hit the 2.618 fib extension. Based on the short term bearish signs at the BTC chart I expect that $0x will retrace to $0.96 - $1.10.
At $1.10 the 0.618 fibonacci and daily 200 EMA are located.
At $0.96 a support at the previous high.
After that a mid term of $8 dollars is very likely based on the channel.
Keep in mind the market is still bullish on mid term.
0x - bullishThird wave still developing.
Disregard the current volatility within the size of the wave and the investment horizon.
ZRX LONG IDEAZRX entry
- Price created key level at previous ATH
- Price broke key level and accumulated above it
- Some false breakdowns
- Good volume and VPVR
- Would enter as 4% sl is possible with RR 1:5 or more
ZRX-USDT(Channel Resistance Breakout)0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 176.91 Mn at the time of writing.
Key levels to watch out for:-
On Daily Time Frame, ZRX has been consolidating for the past 5 days after giving the breakout from the level of ~$1.9.
It seems eminent to continue its upward momentum to the level of ~$2.9 while the support to the lower side is present at ~$1.96.
ZRXUSDT is testing the previous resistance as new support 🦐The price is testing the previous resistance as new support on 0.5 Fibonacci level. If the price will have a breakout from the resistance, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Resistance testingIf resistance is broken and it bounces I will publish a new idea and link it here with the whole Elliott Wave analysis.
Not financial advice, please DYOR, TIT and be liable for your own actions, you buy, you sell, your liability.
ZRXUSDTPERPNice setup for taking long postion buy and hold
Hope it will breakout the upper Resistance
ope
#DYOR
FLAAAAAAAAAAAG🔝One more interesting formation for you, wolves🔥
There is a Flag formation on ZRXUSDT crypto pair.
There was a strong and confident bullish movement before consolidation.
The price bounced from support and resistance levels multiple times.
Then price broke resistance level of this pattern and now is staying at the key level.
Possible retest of the new support zone is expected but you should follow this chart careful coz the price may increase without retest.
So follow the chart and look for the best price to enter carefully.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
ZRXUSDTAfter such a huge movement, ZRXUSDT bound to retrace. Following the trend from before, it can be said that ZRXUSDT will continue bullish after making a 15-30% retracement. But it can also directly fly to the sky. But I think ZRXUSDT is a coin that will make a steady upward movement, so the conclusion is, either keep holding, or wait for the retracement, or wait for the break-out confirmation. This prediction only made by purely technical analysis. So there's maybe good news that can make ZRXUSDT fly directly like "ZRX plan to burn some of their coins". That's all from me thank you. Don't forget to give me your critiques and comments. ~This is just a prediction~
ZRXUSDT waiting for the breakout 🦐the price is testing the daily resistance inside a descending channel. IF the price will have a breakout upward and retest the daily resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
