Cycle ended on 19/03/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence.
First 3 waves down truncated at 61.8%-78.4% extension. From there bounced in 3 waves to fail below last high....
Following the article on correlation, I present ZRXBTC for a long trade and practical example of the importance of 18/03/2018.
As we see, a cycle ended at 27/01/2018 high in a 5 waves up (RSI divergence in 4H and daily timeframe), so according to EW, this is calling for another 5 waves up. All cycles identified by vertical lines ends very precisely at 100%...
As per mentioned in previous idea, cycle ended on 19003/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence.
Stop will be below the 161.8% extension even though invalidation level is...
Looks like we got a good bounce and found a recent bottom with 0x. Seeing elliott waves impulsing up and now it looks like an ABC correction is forming. Exciting times ahead!
ZRXUSD has been correcting the cycle from 13/01/2018 high from 2.4786 in a 3 waves move - 13/01/2018 low, 27/01/2018 high and I am calling 19/03/2018 low at 0.3487.
Work is based on EW theory adapted by The Trader's Corner on daily, 4h and 1h time-frame.
Also, ZRXBTC has a clear structure and also reached equal leg area, not only ZRX should appreciate against USD...
Coin of the day is Ox.
As it says in the whitepaper: “Ox is an open protocol for decentralized exchange on the Ethereum blockchain.”
The 0x team are working on a protocol using Ethereum smart contracts, that will help anyone in the world to operate a decentralized exchange.
Briefly, Ox is a technology developed to provide an improved exchange of Etherum tokens....
Veo a ZRX (0xProject) en buena zona de los niveles de Fibonacci, y MACD a punto de hacer cruce.
En lo personal me gusta el projecto de esta cripto y espero la recuperación del precio.
0x is fast approaching important .786 fib level and based on previous price movement should see a nice bounce. The ABCDE correction could possibly be viewed as a higher degree of wave A.
Relative strength index is a great indicator that allows us to see whether a stock is becoming over bought or over sold.
RSI has a range from 0 to 100 and uses momentum to compare significant gains and losses of a stock.
A pair will become overbought when RSI is above 70 and over sold when the RSI is below 20.
Typically you don't want to buy into a stock that...
