FromTheEther
Long

0x (ZRX) Long Setup - Gap Entry With Supporting Technicals

BINANCE:ZRXBTC   0x / Bitcoin
0x (ZRX), a leading decentralized exchange protocol.

Not a bad entry at current rate (a nibble to start building a position is acceptable).. but it looks like optimal entry will be between .886 (3387) and the 1hr gap level at 4435.

Technicals:

1) Momentum:
*RSI in oversold zone (24.5), still looking bearish .
*W%R oversold.
*MACD bullish divergence is setting up, showing higher lows and higher highs.

2) Price:
*Well in to our acceptable Reload Zone (.618 - .786 fib retracement).
*V bottom adding to my belief we're not quite at the bottom yet. We should at least revisit the long tail at the previous low of 4710.
*Inching its way down to a big 1hr gap level at 4435 (we've got bids set around here..) A move down to this level or even as low as the .886 tag (3387) would make sense.
*Falling wedge continuing to form and compress, indicating a bullish breakout in the near term.

3) Volume:
*Still much more selling than buying going on daily.
*OBV indicating further money outflows with no signs of a bottom yet. If anything, recent increase in price and bearishness in OBV confirms further a short term bearish divergence and leads me to believe price is weaker than what we're told to believe.

Profit taking:
Selling 50% each time value doubles with additional sells in the 13.3K - 16K zone.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out