For starting I'd like to say, for those who missed it, that I'm bearish on BTC and from this point of view this pattern on ZRXBTC should be bullish. Secondly volume and indicators are not the in the best shape to support a bullish pump and ZRXUSDT looks like it has already broken out (a pennant in that case) but can't sustain the pump
Here I see a symmetrical...
A chart for ZRXUSD
I have identified both possibilities for price action
for the bears, a triple top and a combined rising wedge. Both of these together make a good case for bears
for the bulls, using the MavilimW indicator I have plotted a,b,c, showing a comparison to a previous point in the run up which may repeat
I am siding with the bears generally because...
If you read my previous signal on ZRXBTC you'd be already familiar with my two support/resistance lines. As you can see the second one held and price started reversal there, I waited before posting this signal because BTC looked like it could pump more, which would have dragged ZRX deeper.
This huge pump took ZRX over the R and even the ichimoku resistance, I...
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However, the coin serves no purpose as you can use their exchange without ever needing the coin.
DeFi index is also going down, so this will trend down as well.
No reason to stake ZRX either since the yields are terrible in comparison to others.
Bullish Pennant Formation in Daily Timeframe.
Volume is Continuously Decreasing, Bulls Need Volume for Upside Breakout.
In Case of Upside Breakout, Expecting Another +60-70% Bullish Wave📈
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ZRX has been riding steady in this channel for about 5 days now. Sure it's a fairly large window between $1.29 and $1.70, but it's starting to tighten.
As the 200 MA continues to rise, so do the chances of a move above the parallel channel.VPVR showing support at $1.47. RSI keeping steady below 60. MACD has been steady and is shaping up for positive...
The chart looks primed for a move up.
The volume is rising and the indicators show a strong buy recommendation.
Can make a 50% gain.
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0x is forming a reversed head and shoulders on the 4h chart. Further Upside is expected. if support holds then prices go up.
DeFi tokens trading competition is on, thus further volatility is expected on this coin. Play safely.
Buy Current price.
TP: 0.41 - 0.42 - 0.44
Looking at our trend timeframe we can see ZRX continues to respect its downtrend since leaving an ATH imprint at $1.30. Stochastic RSI showing momentum is in favor of the bulls with no signs of reversal. Our most recent price action shows a break from $0.20 up to $0.40, leaving a new higher high. ZRX is now looking to confirm our higher low before...