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...
ZRX went up, although failed to test the downtrend trendline. Currently, we expect a pullback towards the 61.8% Fibs, after which the price should start rising. If the break above the triangle will take place, we might witness yet another upside swing in the coming days.
I believe a macro target would be ~$2.35, which is around the previous all time high. There is strong hidden monthly bullish divergence as you can see. This is one of the original Defi coins that has stood the test of time.
SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
- Targets are clear on the chart based on Fibo Levels
- You can enter after breaking the downtrend trend line and retest
- Base line 103 (Ichimoku) can be a great dynamic support or resistance line
- $0.85 is a good area for set your order imo
- NFA
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All Time High USD
Jan 09, 2018 (4 years ago) $2.53
57.24%
All Time Low
Aug 16, 2017 (4 years...
A bullish rejection for 0x can be seen on the USD pair at the 0.618 Fibonacci level, this is promising
On the BTC pair a double bottom can be seen within a sort of horizontal wedge structure
we had Analyzed this token earlier and well capitalized on it, now updating the New analysis and positions.
Fundamental:
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.
0x achieves this...
by watching today's market we are expecting that ZRX move out of Triangle and move to second target in next 3 days and maybe even more
First target : $1,765
Second Taregt : $2.059
Third Target : $2.690
Stop loss : $1.20
