ZRXUSDT(0x) Daily timeframe range. pretty impressive pump i gotta say made some good gains there. 0.5792 holding on for now and recent support at 0.3857. 0.3857 needs to hold if its want to push ahead.
BINANCE:ZRXUSDT is forming a rising wedge, or a bearish wedge potentially could see a reversal from a day trading standpoint.
In my technical analysis, the price has reached an essential key resistance level of $0.2720 or the .618 Fib retracement as shown in the chart below on a daily timeframe.
RSI indicator is showing a bearish divergence wherein it forms...
today we have one of the best risk to reward Investment opportunity
it is more than 1480 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
Inverted H&S on an angle
This is the 4Hr chart but can be viewed on the daily.
The angle makes the recovery a bit more difficult but it should still see a bounce at the right shoulder point.
Bars pattern shows my thoughts.
💎Earlier this year, #ZRXUSDT broke above the Falling Wedge pattern, signaling a potential uptrend. The subsequent formation of higher highs and higher lows further reinforces bullish outlook.
💎In recent weeks, #0X has been consolidating just above the 88.6% Fibonacci support, aligning with a significant supply/demand zone established over the past year. As long...
Price is currently within a large down channel
I expect a move up to the top of the channel and then revert back to the norm of back within the channel
It is possible that price breaks the channel and continues up to the thick horizontal line. Speculative though.
Falling Wedge Breakout
ZRXUSDT(0x) Daily timeframe range. solid pump where btc dominance still high. a clean break from #0.3337 open a space till #0.4500. it got some decent volume now so its not that hard. if selling pressure takes over a failed break will lead it back to lower levels.
not sure what this protocol is seeking to accomplish but they are at a significant discount when looking at the value. once the market turns around this along with everyhting else will run, this will have some nice gains for a simple trade
We are looking at ZRXBTC, a multi-year long bear market has likely ended.
A new ATL has been hit, 26-Dec. 2022, after 861 days of bearish action.
Since the August 2020 peak price, we have a -89.13% drop.
A long-term bullish divergence between ZRXBTC and its weekly RSI is the first signal.
Last week ZRXBTC moved above EMA10.
One final signal is the falling...
Double bottom patterns are evident on chart
They can be seen to be on a slant from bottom to bottom
I have circled the pattern.
This allows a potential breakout suggestion considering where we are in this current circle.
hello dear trader
this price action for ZRX ...
ZRX is a utility token that is used to reward relayers with trading fees for hosting an order book. The 0x ecosystem saw tremendous growth in 2020, and in January 2021 alone, the protocol reached $5.7 billion in trading volume. ZRX also derives value from being a governance token.
zrx have good futures
ZRX is within a giant falling wedge
This is VERY similar to the falling wedge structure on LTCBTC
These build up a lot of pressure until they explode to the upside
Such a long time within the falling wedge !
0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges.
To learn more about this project, check out our deep dive of 0x.
0x achieves this decentralized exchange functionality using a collection of open-source,...
There was a clean bounce off the Fibonacci support. Many buyers consider that a good point for a stop loss, although stop loss hunters are likely to push the price just below the 61.8% Fibs. After that, the uptrend should resume.