ZRXUSDT trade ideas
ZRXUSDT - LONGZRX on the daily timeframe has broke above daily resistance with a strong bullish impulse followed by a nice correction to retest previous resistance now turned support, also aligning nicely with the 0.50 fibonacci, now im expecting to see the continuation to the upside and market to go and form a new higher high from a daily perspective, on the 4hr we now have a new higher high we can take the trade on the retest of structure IF all our other entry rules are met.
🔥 ZRX Bearish Channel ContinuationWith the most recent bearish BTC move, ZRX has failed to penetrate the upper resistance of the channel, staring a new move downward. If we will see another BTC move downward like we've seen a couple of weeks ago, ZRX will most likely fall back to the lower support of the channel, which functions as a great longer term target..
Happy trading!
BEARISH! Clear your port and buy it back laterZRX has not been able to overcome the resistance, it always struggle around that pink line for a long time. Consider short selling.
ZRXUSDT MONTHLY WEEKLY AND DAILY ANALYSISDear Traders, this is my Video Analysis on this Pair, Kindly Drop your thoughts on the Probability of a bullish or bearish move in the coming days.
ZRXUSDTZRX Look breakout here
SL if close under 1.28
if everything as a plan it will going up
TP minimum previous high 1.9 - 2.0
DWYOR and Good Luck
ZRX | Bullish Pennant formation..!!#ZRX (update)
Bullish Pennant Formation in Daily Timeframe.
Volume is Continuously Decreasing, Bulls Need Volume for Upside Breakout.
In Case of Upside Breakout, Expecting Another +60-70% Bullish Wave📈
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🆓0x/USDT Analysis (15/3) #ZRX $ZRXThe 1.3$ zone is a good support zone with MA50 line, and if it can hold this zone, it will move up to the 2.2$ zone.
The 2.2$ zone is a very risky zone, there will be a strong selling pressure and we must pay attention to that zone
📅EVENTS
No News
📈BUY
-Buy: 1.27-1.33$. SL if B
📉SELL
-Sell: 2.1-2.2$. SL if A
-Sell: 2.95-3.05$. SL if A
♻️BACK-UP
-Sell: 1.27-1.33$ if B. SL if A
-Buy: 0.78-0.82$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
zrxman all this coins have olmost the same exact bullish structures. buy above 1.20 opening position this coin as well. with stop loss below 1.20
ZRX (0x) Analysis 14/03/2021we had Analyzed this token earlier and well capitalized on it, now updating the New analysis and positions.
Fundamental:
0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges.
0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.
The protocol is powered by an ERC20 utility token known as ZRX. Nodes that (also known as relayers) host an off-chain order book and offer user-facing applications that present this information and allow users to make, fill and cancel transactions are paid in ZRX tokens (as trading fees). ZRX can also be used to participate in platform governance, helping holders suggest and vote on changes to the protocol.
In 2019, 0x announced an overhaul of the ZRX token, adding extra functionality, allowing ZRX holders to delegate their stake to a market maker to earn passive rewards while retaining their voting capacity.
Unlike many other Ethereum decentralized exchange protocols, 0x supports both fungible (ERC20) and non-fungible (ERC-723) tokens. This means it can be used for the permissionless trading of a wide range of assets, giving holders a way to buy, sell and exchange the vast majority of Ethereum assets through more than a dozen different apps.
The 0x protocol can be applied to a wide range of use cases, including eBay-style marketplaces for digital goods and services, OTC trading desks, exchange functionality for DeFi protocols and plain-old decentralized exchanges.
Although 0x can be used to build highly flexible exchange products, it can also be built into products where asset exchange is a secondary feature — such as for in-game purchases and portfolio management platforms.
On the 0x protocol, liquidity takers pay a fee in the form of ZRX tokens — this fee is used to incentivize market maker (relayer) liquidity. Users also need to pay a protocol fee in the form of Ether (ETH), which is used to pay for the gas used in any transactions they complete. As an open-source protocol, 0x does not receive any share of this revenue, and is instead supported by ZRX tokens unlocked as team and developer incentives — along with its initial ICO funding.
0x was founded in 2016 by Will Warren and Amir Bandeali. The two co-founders continue to serve the platform, with Will Warren as 0x's CEO, whereas Amir Bandeali is CTO.
The platform launched following a successful initial coin offering (ICO) in 2017, during which it raised a total of $24 million — with support from prominent investment firms including Polychain Capital, Pantera Capital and FBG Capital.
Prior to the sell-out ICO, Warren worked in several research roles and briefly held the role of technical advisor to Basic Attention Token (BAT). Bandeali, on the other hand, graduated from the University of Illinois with a BSc in Finance and held several trading positions before co-founding 0x.
Now the team is composed of more than 30 individuals, including engineers, researchers and designers who work to update the platform and keep it running smoothly.
Technical Analysis:
as you could see in our past analysis we had drown a Fibonacci projection where we had defined our past Triggered Targets, we could see the price has touched the 161.8% (extension) Level, and currently Correcting and Reaccumulating, which is the confirmation of continued Rally to 261.8% and above
additionally we can see a Mild Hidden Bullish Divergence which is the sign of trend continuation and it can work as additional confirmation on the Analysis bias.
at present we had defined 2 Targets by the same Fibonacci Projection which are to be triggered in the coming few weeks...
Trend lineThe price is at the bottom of the uptrend channel and can be increased up to 1.72, which is the uptrend channel
Zrx is the next UNISWAP? Heading to $7+?Ox is a great project as like UNISWAP. So we can see new ATH. I predicted Uniswap max price is $15 but it's now $34. So from my view zrx having a same stuff. Let see upcoming weeks. Share your thoughts and do your own research.
ZRX USDT pair breakout from 4h inverse head and shoulders. ZRX broke out of an inverse head and shoulders formation and the neckline support did not hold on the retest however the pair is offering a good reward for risk and is keeping stronger than some other alt coins which suggests the market's interest in buying this currently. Target is the upper boundary of the range. We had also formed a bullish divergence on RSI signalling the bears were losing power as technicals were not agreeing to the new lower lows the price was making.
ZRX USDT pair breakout from 4h inverse head and shoulders.ZRX broke out of an inverse head and shoulders formation and the neckline support did not hold on the retest however the pair is offering a good reward for risk and is keeping stronger than some other alt coins which suggests the market's interest in buying this currently. Target is the upper boundary of the range. We had also formed a bullish divergence on RSI signalling the bears were losing power as technicals were not agreeing to the new lower lows the price was making.
ZRX looks bullishYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin - leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
ZRXThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
ZRX is preparing for next move up, patienceThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like, i really appreciate it because then my work makes sense :) thanks!
