ZRXUSDT trade ideas
ZRX USDT LongZRX USDT Long
Looks like is on the way to a second wave
Entry 0.683
SL 0.6
TP1 0.8 (50%) then move SL up to 0.683
If you appreciate this idea, please like follow and subscribe.
ZRXUSDTShort term target.
The yellow line must not be broke, otherwise this count would be invalidate
SHORT ZRXUSDT possible upcoming bull breakoutConverging wedge heading south. Breakout or breakdown will be decided without the next couple of days. If follows trend, expect 2x returns in short term.
Bullish pennant breakout on ZRX happening right now. With ZRX having formed a bullish pennant on both ZRXUSDT and ZRXBTC a breakout is now imminent.
ZRXUSDT 4H long setup after consolidation at major support levelTA Explained
ZRXUSDT finished the pullback of the great impulse of last week. Price pulled back and spike into previous resistance area. Moved up and consolidated at level which is now considered local support. This area aligns with the 0.618 fib level. Now the price is looking for an upwards move again. And it looks very strong. Why? Have a look at ZRXBTC.
Looks familiar? That's already interesting but the most interesting thing is if you zoom out and take a look at where the green dotted lines come from.
We can conclude that price broke the a previous support level back in March - May 2019 which acted as resistance now. Price is consolidating right above it and gearing up for another attempt to break the upper resistance.
Trade setup
Best entries: 0.6820 - 7300
TP1: 0.8629
TP2: 1.0215
TP3: 0.2347
SL: 0.6325
RR: 7.19
Max leverage: 3x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Possible Rebuy areas of ZRX It's not an investement idea. It's an opportunistic idea :)
Take it or leave it.
ZRX - Can it break 0.79c? RSI indicates the way forwardOn this weekly chart of ZRX we can see ZRX has broken the major red resistance line. ZRX then went on to form an ascending triangle and broke through the lime green line.
The light blue resistance line at 0.79cents coincides with the RSI hitting it's own resistance level at 81.67 on the RSI.
If ZRX can break the light blue line the next target is the yellow resistance line is at 0.93cents where we expect some heavy resistance.
The RSI has hit 81.67 shown by a light blue resistance line.
On this daily chart below you can see the significance of the RSI blue line at 81.67
Is it a time to short when the RSI hits 81.67 or wait for the pullback and add to the long?
Happy trading legends!
HTBB
ZRX USDT Cup and Handle Possibility ?? Cup and Handle >> It is not an Investment Advice. It is for Tracking Purposes
Good Luck :))
0x- Dex tokens go up with DeFi goldrush! Long it in the buy zone unless the breakout fails and the price falls below the invalidation lvl.
0x (ZRX) & kyber network (KNC) are two of the older DEX tokens (Decentralized exchanges) and they are both on Coinbase. Whereas, Balancer (BAL), airswap (AST) and other DEX token s are not.
ZRX is still under $1 and unlike KNC which has gone up 10x already, it has "only" gone up 2x this year. Furthermore, its spot trading volume is consistently ranked among top 10 DEX (Uniswap doesn't have the native governance token) and its token, in terms of trading volume, is consistently ranked in the top 5 DEX tokens.
The only thing to watch out for is its market cap... Yes, in crypto, 300 million market cap means large cap and speculators had the penchant for driving up the price of low market cap tokens between 50 to 100 million back in 2017.
I expect the Defi gold rush and liquidity farming to continue carry DEX, lending and oracle tokens at least in the near future.
ZRXUSDT AnalysisPeople who bought ZRX on April from the MOON signal, enjoy your 128.61% PROFIT that you made in 4 months!
There are also MA20-MA50 cross strategy present with MOON signal & the cloud is green as a buy signal.
If you are holding ZRX, do not hurry to sell since there are no sell signals present. If you want, you can take profit at the resistance level (0.48) or you can sell when the candles open close below the support level (0.34).
Also, if you want to buy ZRX, do not hurry to buy since the risk & reward ratio is lower than 2. You can buy when the candle open close above the resistance level (0.48).
After you buy, watch out for EngineeringRobo's sell signals to not lose your money or your profit.
