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DestinationMoonCrypto
May 10, 2018 12:09 PM

Ox how high? Long

0x / BitcoinPoloniex

Description

Coin of the day is Ox
Just to remind you, 0x(ZRX) is an open protocol designed to offer a decentralized exchange as part of the Ethereum blockchain (ERC20 standard). 0x is made using a protocol that involves Ethereum smart contacts that allow those around the world to run a decentralized exchange.
0x, at its core, is an open source decentralized exchange protocol, so any use case that involves the trading of different assets can eventually be built using 0x.



Technicals
The reason for frequent updates on Ox coin is that it is one of the few coins that has already recovered from the global drawdown and now testing the all-time highs. Crucial level for ZRXBTC is 0.0002, which is already higher than the 27.01.2018 peak. Today’s volume distributed above the 0.0002 level, which is a sign of a possible further rally. There is no point to buy the coin near such high levels if you don’t expect it to go higher. Bullish Trend Line and 0.00018 level have to hold firm for the bullish scenario. The first target in case of the breakthrough should be 0.00022 to confirm the breakthrough, or 0.00025 as a 100% profit point for the traders who bought at the 0.00005 bottom.
Comments
involver
I love looking at ZRX on the 1d / 1w timeframe .. Bought in early on and took a much larger position at 6k sats. Probably going to take some profit now that it has hit 21 but plan to ride this for a while.
DestinationMoonCrypto
@involver, I think we could reach 22 easily. But 25 would be a place for profit fixations.
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