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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ZRXUSDT trade ideas
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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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.
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.