Good day traders!
0x is an amazing project and I have a lot of faith in the team. They're producing a decentralized exchange, and many projects are building on it (e.g. Augur, District0x, Status).
After the upward rally yesterday we're slowly reaching the end of the ascending triangle (continuation pattern).
I have conducted 2 scenarios:
Bullish: We break...
Golden cross just appeared on the 30 min. chart, and we are now on a major breakout.
If we can go pass the blue line, our next stop is the green line @ $2.45, or about 18.56% profit.
However, this coin has potential for way more then that.
Disclaimer: I am not a financial advisor and any information I publish is for educational purposes.
Just to give you a framework in which you can further analyse ZRX price movements . I drew the Fibonnacci retracements, and illustratively, you can see that I highlight both a high and low testing in the same candle stick. Moreover, the Pitchfork analysis gives you additional support and resistance level between which the price is moving.
Just before posting...
As you can see good entry point is between 1.94-2.05. Buy here and go for long.
It seems that Cypher has ended or it is ending, plus elliot also looks it is coming to an end. And the third sign is that RSI is oversold. Buy it while you can.
Targets will be updated after the dip is over (could be soon).
This is a clearly consolidation near $2. After a long time in low volatility, a lot of new buyers may come. It is possible to test the $3 line. Buy now, the probability to decrease de price is near zero.
The protocol is intended to serve as an open standard and common building block, driving interoperability among decentralized applications (dApps) that incorporate exchange functionality. Trades are executed by a system of Ethereum smart contracts that are publicly accessible, free to use and that any dApp can hook into. DApps built on top of the protocol can...
