Recently, the cryptocurrency ZRX has shown an important confirmation that could potentially lead to a breakout to the target we have previously identified on our chart. Based on our analysis, ZRX has emerged as a possible breakout coin. We will be closely monitoring the trend of ZRX in the coming days.
The below chart yellow line shows the confirmation.
for the day trading coin, ZRX has a good chance to get into the trend coming time.
We will follow this coin to see if it can target one of the levels we did add in the chart.
ZRX shows a structure increase in the overview study.
This scan is made for the moment and can change with time. it's important first to see if ZRX is able to increase as the short data shows.
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Double bottom patterns are evident on chart
They can be seen to be on a slant from bottom to bottom
I have circled the pattern.
This allows a potential breakout suggestion considering where we are in this current circle.
Logarithm. Time frame 1 month. Main trend. Idea for long-term trend orientation on a large timeframe.
0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets in the Ethereum blockchain without relying on centralized intermediaries such as traditional cryptocurrency exchanges.
The price has fallen by -93% from the high of...
Logarithm. Time frame 3 days. Secondary trend. Downward wedge area.
This is what the downward wedge looks like on the line chart.
The lacal zone for trading at the moment.
ZRX/USD Local work. Triangle. There will soon be a dénouement.
The main trend
ZRX/USD Main trend. Channel. Fractal.
Hello, dear TradingView members.
This is a ZRX idea.
ZRX is a little lost, and I am too.
You see, ZRX was moving right on the trend line, making an amazing consolidation zone. The Bollinger Bands were also squeezed, leading to a breakout.
But then again, Bitcoin stepped in and ruined the whole thing.
Bitcoin had a price dump this morning which affected the whole...
Hello, dear traders. how are you ? Today we have a setup to buy/long the ZRX symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
...demonstrating very very likely the bottom has been set already!
Its just a beauty! After an insane wave 1, we have now finsihed an insanely deep wave 2 retracing over 95% leaving hodlers totally smashed and bottom sellers sell their bags.
While the count is pretty obvious, the typical sweeping of lows below the triangle before going for a massive rally has...
There was a clean bounce off the Fibonacci support. Many buyers consider that a good point for a stop loss, although stop loss hunters are likely to push the price just below the 61.8% Fibs. After that, the uptrend should resume.
ZRXUSDT Technical analysis update
ZRX formed a symmetric triangle in 4h chart, if the price breaks above the triangle resistance line then we can expect an up move in ZRX.
Buy zone: above $0.335
Stop loss : $0.30
TP 1 : $0.365
TP 2 : $0.405
TP 3 : $0.460
Max leverage: 1x
Always keep stop
ZRX is moving in a downtrend gradually completing the decline phase. The price is fixed below the resistance level of $0.310
Selling culmination will be the price exit into the range of $0.153 - $0.200. Medium-term purchases can be considered closer to the support level of $0.153.
The targets of such purchases will be the levels of $0.31 and...
The ZRX coin was included in the list of my trading plans to track the possible opening of a positions.
The wave structure is well read and the trading plan has excellent risk to profit parameters.
In general, my approach is that I expect the end of the decline within the expected zigzag and the continuation of the price recovery within the upward wave C of wave...
One of the few projects with a real product (Matcha.xyz)
However, the coin serves no purpose as you can use their exchange without ever needing the coin.
DeFi index is also going down, so this will trend down as well.
No reason to stake ZRX either since the yields are terrible in comparison to others.
Reasons to take short:
⭐️ BTC bearish
⭐️ Trendline 9 days long
⭐️ Trendline is clean
⭐️ Collected stop-losses
⭐️ Buyer loses power
⭐️ Price is squeezing to the trendline
⭐️ 5th touch
⭐️ 70 ATR, coin at high
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the...