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...
We have a symmetrical triangle forming
Wont be able to confirm until we have a clear BO or BD
Things to watch out for:
Test of the .786 Fib
Support and Resistance areas
Still below the Ichimoku
Uptrend channel looking for next fibonacci levels.
0x Version 2 is coming:
- Trade any digital asset that adheres to ERC-20 standard.
- Support for non-fungible tokens (e.g. @CryptoKitties)
- Trade smart contracts themselves
- Solidity ABI v2 integration: seamlessly integrate smart contracts to 0x protocol.
Hello Lads and Ladies,
The daily TA grind continues now and we will start now with the requested coin 0xBTC. It has had some pretty nice and steady pushes and made it into headlines recently.
To begin with, we can see a very clear ascending trend line which has been confirmed multiple times since the beginning of this year.
We saw 0xBTC coming down to it once...
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of July 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 42.81% PROFIT!!!
The increase in price may also be explained by positive developments including:
The...
While we've watched the boost from recent news fade, it remains to be seen whether 0x has enough momentum to sustain a longer run. Of the projects mentioned, ZRX is virtually guaranteed a spot (in my opinion) on Coinbase due to the fact that the company purchased the protocol several weeks ago. This recent news broke us out of the handle/channel so we'll see if it...
It looks to me that we will continue to bounce up against the $1.00 support zone for a while. The new Coinbase news could push it over but not likely in my opinion.
ZRX/BTC idea like on EOS, same cycles with up-trend channel. Short-term(1week) - down, long-term(2month) - UP. Follow updates, have a nice trade !
Target
0.00020
Hello, welcome to my ZRX analysis!
For ZRX we've started off making a cup and handle, completed the retrace, then moved into an equal wedge structure. The overall cup-target has not been completed for ZRX, therefore, after we break the pennant's upper trend we should see a decent run.
Green zones are targets, an entry currently would be when it decisively...
With the recent $BTC rally, alts are starting to show some life again.
We have an upcoming 10/20 EMA cross potentially on the 1D chart and so far strong buying pressure shown by the Heikin-Aski.
Previous 10/20 crosses have shown a confirmation in strength of a rally and produced profitable results.
In my opinion, it is better to wait for these confirmations...
Pretty self explanatory.
RSI, MACD look promising.
Also VFI seem to have bottomed out and it could grind up from now on.
The bottom support line is a bit arbitrary, depending which dips one takes to draw it.
Keep a tight stop in case the bear scenario plays out.
From the fundamentals, 0x is a very strong team with a solid project, but it's not the fundamentals...
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 30th of June 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 22.31% PROFIT!!!
The increase in price may also be explained by positive developments including:
Feb...
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of June 2018.
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 15.29% PROFIT!!!
The increase in price may also be explained by positive developments including:
Feb 7: ...
Well the time has come. Cup and Handle – the pattern loved by everyone. If price will be able to stay above 0.000186 that will be our confirmation. I prefer to buy now at 0.00017 and set a stop-loss at 0.000152. There is a real possibility that the price will go down to 0.00009 so don't forget about that stop-loss.
1st target is 0.00024-0.00025
2nd target is...
ZRX is still forming a handle from previous big cup and handle pattern which took 3 months to fully form
Some things to note here
Coinbase announced today that it will list ETC in the next few months, the first of potentially multiple new tokens on their site
Price is moving sideways and downwards in a range of about 18k-14k Sats
Support waiting at 13k...
With the 200 MA as support along the lower side of the formation, the looks of a Bullish pennant and good fundamentals I think 0x will continue on its bullish trend.
Looks like 0x ZRX is going to pop out of the triangle in the coming days. Looking for it to bounce up and test .000215 sats, then retrace down to .000195 range before continuing past resistance.
20 day EMA looking positive still for the run.
**Full Disclosure**
I'm not a pro trader, just going off of what I've been learning the past few months. Definitely not...
On the daily chart, you can see the cup and handle pattern, and the handle currently looks like a bull flag. Those two pattern combining indicate a surge in price and new highs ahead. Currently, the bull flag is in play, but if the price breaks out from the downside the dominant handle pattern will be a descending channel, and we are in for more corrective waves...
