ZRX bottoming out at the start of its major rally late last year. This is one worth keeping a close eye on as they have very strong tech / team and already have people building on top of their protocol.
Seems as if this falling wedge is approaching an old support line that was used as a trampoline for the first bounce.
This project being 66% off the ATH is quite interesting because only the price has changed. Not the project.
DYOR, and GL out there, its been rough.
chart looks like we could see more of a dip while the correction continues....0x is a solid protocol though so I am waiting to see if we get a bounce near the next fib line.
Buying near the orange lines, selling near the green ones. I used more fibs to come up with them based on where there was strong confluence, but I deleted those fibs because it looked like I tossed a bunch of spaghetti on the screen.
When fundamentals and technicals align this strong, you wait for a breakout and buy. Consider the recent FUD about exchange regulation and consider 0x (a decentralized-exchange protocol) a hedge.
medium.com
0x is a promising project!
after a long bullrun, now is correction between 0.5 and 0.618 fib
OBV make a descending triangle
I'll keep watching this coin waiting for a price action indicating a reversion or the OBV breakout
If we are in wave 2 of elliott, the 3st wave have two targets:
0.00026
0.00036
Buy zone:
0.00080 ~ 0.00085
It looks like ZRX/BTC is bouncing nicely from the Fib 0.618 support level , and the RSI is in oversold territories, but it lacks volume . SO, no certainty yet. The uptrend confirmation will come if it sustains above the 0.5 Fib and the downtrend line (blue). On the other hand, we may call it a downtrend if it goes below the larger uptrend line (green). Thoughts?
ZRXBTC trying to chart one of my favorite protocols.. no emotions.. i swear to the crypto sirs.. last bottom was some kind of stronger support and also the top of the 1D cloud. if we can bounce on that support, also break the resistance and going up to 12k-13k Satoshis.. i swear.. it will be fun then.
