Just like ZRX/BTC, we are getting very close to do or die. ZRX/BTC is in a massive descending triangle. ZRX/ETH is in descending wedge/channel.
They obviously coincide overall.
We either break down or up very soon. Next two weeks or less?
TA:
- we are moving sideways for some time already and reached the local low lately
- oscillators show buy opportunity
- breakout from the channel also possible due to strong fundamentals (might be delayed though)
FA:
- crushcrypto.com
ZRX has been holding up well on it's current uptrend. A series of higher highs seems like it's heading towards the .75 area again slowly. It should break it and continue.
Strong base has been forming for months, and with regulators inevitably attempting to curb the spread of cryptocurrencies, the 0x project only stands to benefit.
0x was a much hyped coin upon its release into the exchanges in late August. It initially sat nicely above the 33c mark, before falling with the majority of other coins. The price then broke out of this downtrend in late September, signalling the start of a consolidation period. The price has since been consolidating in a ascending triangle, which gives me the...
0x is one of my favorite long term hold projects currently. I'ts suffered typical post ICO pump n dump scheme and also one of their original seed funders Polychain Capital took part in this, but looks like the steam is out of dumpers and we might look into upside shortly. There's already interesting projects building on 0x and going live.
I'm calling the bottom here.
It is quick look at this pair. There is consolidation after pair reached another psychological level after 10k which is 5k. It seems that it has hard time to go lover. There is triple bottom formation on 1H chart which may suggest bullish movement in near term. I;m aware that it is very fresh chart and technical analyst shouldn't be apply here but if U look to...
BTC is still in a descending pattern, hasn't dropped 4000 yet. ZRX seems to be in an ascending triangle. I used lots of colors to show you the tasty treat that could be awaiting your investment. I used the 2 hour chart just so you can keep track of it quicker. It's the same pattern across the board.
If ox (ZRX) breaks through the resistance on the graph you will most likely see an uptrend to the white line, where it may correct short-term and then continue to grow further.
**good fundamentals**
**rounded bottom forming**
**first coin to be added to poloniex in quite some time**
**Consolidation period of 2 weeks after market cycle**
**hyped and highly requested **
