ZRX reached its ATH 5/02/21, since then it has been on a gradual but slow retracement down to 200sma although the general market outlook is still in a bullish trend. 23/02/21 ZRX failed to test the 200 sma, re attempted on 26/02/21 and now we see a small sharp bounce. Notice before entering we may see another retest of the 200 sma at 100% Fib retracement level...
An analysis for ZRXUSD and ZRXBTC
Included an optimal buy area on the USD pair
The BTC pair can be seen to be forming a strong base, with potential for a large, strong, reversal upwards. Much like that seen in the early days of the coin.
I like this coin.
$ZRX smashed through the top of the channel, but bears shut it down rather quickly as bulls lose the attempt to use the top of the channel as support versus resistance.
For now we’re back playing the parallel channel, which is still a positive!
0x is looking ready for another wave up
- broke above red Ichimoku cloud
- macd broke upwards
- golden cross on MA
- volume increasing
- Successfully retested support line
Let me know your thoughts
''Buy Big Sell BIGGER'' - MegaWhale
price is moving in an uptrend channel, with a potential of about 300% per channel width at the breakout.
ZRX -USDT price is stuck in a channel about 20% wide, between 0.32-0.43.
An entry point may be at the border of this channel or at anchoring above the 0.43 area. Coin may be said to be old from the year 17, but it is on the deficit list. Also see...
dropped to strong weekly support
Between 2150-2400 sat
If the this support hold for next few days and the weekly closed above
I expect strong bullish move will come
Also altcoins season is expected to come soon
But before buy should wait if it will hold or not
I post a chart since few days
About the support
3000-3300 as a buy area
Zrx dumped to that area i mentioned before as expected and bounced up from that level
This was my previous idea link you can see here
I would say we can see big move in future as long as it above support...
ZRX is currently in a triangle
Its difficult to decipher the nature of this triangle however i would say its bearish due to the decay (seen in orange) prior to entering the triangle. I could be wrong tho, like who knows really.
Thanks for 600 followers!
Massive inverse head and shoulders formed. Enjoy making these smileys, keeps trading fun! An inverse head and shoulders is a pattern used to predict reversals in downtrends, its obvious there is no trend here but it provides some insight towards a bottom.
ZRX 4H chart, rising wedge, bullish adam and eve, may lead to a bullish W formation if the weak regression trend of 0.57 holds. However a breakout would likely lead to greater upsides than the purple box listed, due to the prior structure looking quite bullish for the alt coin. Just a general analysis of pattern structures.
Both LENDBTC and ZRXBTC have formed an awkward H&S. Lend however has gone on a massive bull run, will the same occur with zrx? It can be observed that zrx has formed an inverted descending scallop, while Lend has formed just a descending scallop.
Priceline of Ox / Bitcoin cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00002479 to 0.00002452
Sell between: 0.00002541 to 0.00002636