ZRXUSDT trade ideas
ZRXUSDT shortThe Head and shoulders pattern is formed. A price will broke the neckline. So it will be downtrend. At day chart we have bearish signals too.
Signals:
Dark cloud cover at day chart
EMA 9 crossing EMA 20
MACD line crossing Zero line
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Bearish triangleZrx looks very weak on this 45m chart.
You see 1-2 bars with the maximum volume, I highlighted them with two arrows, they have a maximum above the level of 0.35. However, these extremely high volumes on attempts to rise can mean hidden weakness.
Most likely, hidden professional selling occurred around 0.35 because at point 3 there is trading on very small volumes near the resistance level. This means a weak market and a lack of demand.
Arrow number 4 indicates a surge in volumes amid falling prices - a typical occurrence for selling pressure. Sellers come out of the shadows.
A burst of activity on arrow number 5 indicates a bull trap. This is a fraudulent movement that often occurs on the eve of decline.
Thus, we can most likely say that the chart tells us a bearish story. Several attempts to establish a bullish trend were not successful, therefore, a bearish breakdown of the triangle in this situation looks like the most logical development.
ZRX/USDT - sellers dominateLook at the candles sellers dominate. The fuse at the top is a sign of the seller.
It all depends on the BTC. It can change the mood in the market if one candlestick gives up.
ZRX/USD such a triangle looks down.
The indicators show the weakness of the asset.
Break-down support (key level) and move down.
Cancel downwards, going beyond the 0.37$ level.
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ZRXUSDT is going up guy's!!! Just wait for the retest!Just wait for a retest on the support/resistance to confirm the long. (Yellow line)
ZRX/USDT looks intrestingAs you can see, we're facing a triangle pattern and also a wedge in it. if ZRX can manage to breake the resistance we might have 7% profit. what do you think?
ZRXUSDT 17 MAY 2020 1105 hrsNotable supply/profit taking into 50% fib.
waiting for more info off of support or confirmation of weakness around or at fib.
Time to grow for ZRX/USDT-Macd crossover
-Trend line break
- 0,5 Fib Holds support
- trade stop below 0.618
- target on chart
ZRX/USDT (Strong Pattern Breakout)ZRX/USDT
-strong breakout of the pattern
-followed with a green volume
-the indicator flashes green, priority is up
-new immediate support at 0.22
-upside potential is up to 0.36
-key stoploss is under 0.20
Bullish for 20% gainsI see no recent analysis for 0x. So hope this helps some fellow traders, we have a nice potential move here for 0x.
We broke the pendant up + momentum/volume is up and daily RSI still has a lot of room to grow. BTC is also looking bullish, hence good risk reward.
Trade at your own risk.
ZRXUSDT scenariosLook how close we are to the key level.
These scenarios are suitable to take a position with.
ZRX Buying the Bottom hereFrom September 2019, ZRX had a good pump which however could not sustain, Double topped and failed.
With almost a 0.786 retrace from the highs made, it looks like time to enter again with a long term out look.
fundamentally an excellent coin, and shilled by Teeka Tiwari in Sept 2019, I think this can give you multiple Xs from here.
Personally taking a position here and now.
