rajista

#ZRX #ox update

BINANCE:ZRXBTC   0x / Bitcoin
#ZRX has retraced more than the 50fib support region, currently facing resistance around 13.3k

Next level of support for zrx is at the 61.8fib lvl: 11k region.

Rsi lvl approaching 30 in 1D.

We can expect a short term bounce off these levels.
Comment: ZRx is at the 200DMA and 61.8fib support level

Stoch rsi and rsi showing oversold levels around the support cluster area

Volume is still below average so any upside bias is not yet confirmed

Currently #zrx is facing resistance at the Ts and downtrend line around 12k sats

Comment: #ZRX #ox bounce off the trendline support, currently facing resistance at the 20DMA lvl at 12.5k, If the level holds good on a retrace then #zrx it will be targeting the 50fib at 13.2k sats

Comment: Ox looks like a good buy. on a pullback and at support confluence. If 0.5fib support holds true. Atleast targeting the 1400 level with a tight stop

Comment:
#ZRX bounce off the trendline support and looking to target 18k region again if we get a break above the 0.38fib level: 15.4k sats.

However Macd and stoch rsi looking bearish right now.
Comment: #ZRX +4% up and at the 16k resistance level now. 4H is painting a bullish picture for Zrx right now with indicators locked and loaded. Still we need to be have stops in place, if in.
If stopped then look for trendline entries again.

Comments

Thanks for the update
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