As our team repeatedly tried to tell about project OX, to be honest and logical it is one of the most potential alt coins in the crypto market arena. Recently the well know market strategiest and trader Teeka Tawari noted about this project in its recent Palm beach Conf. report. He wrote :
"What Makes Project 0x Special?
As mentioned above, current decentralized exchanges are slow and expensive.
The reason is because every time you adjust the price of an order, it has to be written to the
blockchain. So in the case of a DEX that operates on the Ethereum network, you’d have to wait 15
seconds for the blockchain to “see” your order.
On top of that, you have to pay a network fee every time you make an order change. This makes using
DEXs slow and expensive.
Project 0x fixes this problem.
The 0x protocol collects order data and relays it (along with changes) off the blockchain. Orders only
get written to the blockchain when trades are settled. This dramatically speeds up the trade process
and eliminates needless transaction fees.
In addition to being slow and expensive, DEXs are illiquid because they can’t communicate with one
another. In our opinion, this is the real breakthrough and “special sauce” behind Project 0x’s solution.
Project 0x allows any exchange using its protocol to pool its orders with any other exchange utilizing
the 0x protocol. This increased interoperability will lead to much more liquidity."
True true the next coming up great ideas will be decenterlized market places which will have so many answers to so many parties on the way. Project Ox is one of them and the leading one. While the fundamental analysis showed us some aspects of its long term potential growth the technical analysis is also showing a good opportunity of investing in for both short and long term positions. A falling wedge triangular pattern is already broken last weekend and is developing an upward elliott wave pattern. RSI looking good at around 60 and MACD looking bullish too. If volume can push some more and bulls can hold stronger most probably a 5 wave impulsive elliott pattern must occur. Here are the major resistance levels for our distribution phase.
Accumulation Zone : 9500 sats - 10500 sats
Distribution Targets :
Target 1 : 11658 sats
Target 2 : 12989 sats
Target 3 : 14320 sats
Target 4 : 16215 sats
Target 5 : 18629 sats
Stop Loss : 7300 sats
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
For further questions, feedbacks, suggestions and encouragments you can inbox us here in our trading view account. With Regards. Team TWA.
"What Makes Project 0x Special?
As mentioned above, current decentralized exchanges are slow and expensive.
The reason is because every time you adjust the price of an order, it has to be written to the
blockchain. So in the case of a DEX that operates on the Ethereum network, you’d have to wait 15
seconds for the blockchain to “see” your order.
On top of that, you have to pay a network fee every time you make an order change. This makes using
DEXs slow and expensive.
Project 0x fixes this problem.
The 0x protocol collects order data and relays it (along with changes) off the blockchain. Orders only
get written to the blockchain when trades are settled. This dramatically speeds up the trade process
and eliminates needless transaction fees.
In addition to being slow and expensive, DEXs are illiquid because they can’t communicate with one
another. In our opinion, this is the real breakthrough and “special sauce” behind Project 0x’s solution.
Project 0x allows any exchange using its protocol to pool its orders with any other exchange utilizing
the 0x protocol. This increased interoperability will lead to much more liquidity."
True true the next coming up great ideas will be decenterlized market places which will have so many answers to so many parties on the way. Project Ox is one of them and the leading one. While the fundamental analysis showed us some aspects of its long term potential growth the technical analysis is also showing a good opportunity of investing in for both short and long term positions. A falling wedge triangular pattern is already broken last weekend and is developing an upward elliott wave pattern. RSI looking good at around 60 and MACD looking bullish too. If volume can push some more and bulls can hold stronger most probably a 5 wave impulsive elliott pattern must occur. Here are the major resistance levels for our distribution phase.
Accumulation Zone : 9500 sats - 10500 sats
Distribution Targets :
Target 1 : 11658 sats
Target 2 : 12989 sats
Target 3 : 14320 sats
Target 4 : 16215 sats
Target 5 : 18629 sats
Stop Loss : 7300 sats
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
For further questions, feedbacks, suggestions and encouragments you can inbox us here in our trading view account. With Regards. Team TWA.
Trade closed: target reached:
