Hello everyone, to a requested look at ZRX (0x) spread to BTC. Thank @Aromur for being the first to PM my open-offer TA ;-)
I have not looked at this asset nor traded it. So hopefully my analysis will be insightful and somewhat objective. I am not in this trade--hence the neutral position. However, if I like what I see, I will not hesitate to long ( I will explain).
Liquidity with this asset is roughly 57%, with the bulk of trading on Binance. My dominant TA here is that we are in a 1,2/1,2, so long term implying much higher prices. However, take note of the volume spike and the break. This implies, at least in a shorter time period, lower targets, and thus, a much better R/R there. Huge overhead resistance will almost certainly slam any attempts to run this to an impulsive 3rd target, which is so high it will not be visible unless you scroll way up. Lower targets for sellers are yet unrealized. I have set some alarms and will update this asset, as I will be no longer be posting any of my personal trades (due to security reasons).
Stay tuned for updates.
I have not looked at this asset nor traded it. So hopefully my analysis will be insightful and somewhat objective. I am not in this trade--hence the neutral position. However, if I like what I see, I will not hesitate to long ( I will explain).
Liquidity with this asset is roughly 57%, with the bulk of trading on Binance. My dominant TA here is that we are in a 1,2/1,2, so long term implying much higher prices. However, take note of the volume spike and the break. This implies, at least in a shorter time period, lower targets, and thus, a much better R/R there. Huge overhead resistance will almost certainly slam any attempts to run this to an impulsive 3rd target, which is so high it will not be visible unless you scroll way up. Lower targets for sellers are yet unrealized. I have set some alarms and will update this asset, as I will be no longer be posting any of my personal trades (due to security reasons).
Stay tuned for updates.
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12 hour for more perspective
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A reasonable place to expect some reaction. With the algos dominating this asset, would like to see this zone get some attention and hold for the short term.
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;-)
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If you are very bullish, expect some resistance here
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The more conservative approach
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Upper alarm inbound
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Would like to see 1405 break
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For @meveme
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Will update upon next alarm. If we retrace, this is where I would be watching
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66 BTC buy order placed by someone...
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Caution people
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Did not get the move off the reload as expected...
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Take note of the first wave impulse, and the target for the 3rd. Seems to be lacking the momentum.
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Quick update for the those that took the reload. Entering resistance zone
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Upper alarm
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Okay everyone, need to close this chart out. Figured everyone should be profitable. Will revisit ZRX again soon. Once again, thank @Aromur for the chart request ;-)
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Good job bulls
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Didn't long, promise ;-)
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3 it is
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Did you see my buy?
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Closed out...
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Still holding 0x until my lower median line fails... LoL
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Update soon...
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Tapped my lower median to the tick. Warrants a revisit.
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Don't get excited. Jus watching. Refer to original chart please. Horizontal line ;-)
Order cancelled
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Target Hit
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Trade closed manually:
Second Alarm. Peace out everyone...
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Trade closed: target reached:
New chart posted...