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.
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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.
hello dear trader
this price action for ZRX ...
ZRX is a utility token that is used to reward relayers with trading fees for hosting an order book. The 0x ecosystem saw tremendous growth in 2020, and in January 2021 alone, the protocol reached $5.7 billion in trading volume. ZRX also derives value from being a governance token.
zrx have good futures
- important the minimum of the previous day.
- price a pressure to the minimum.
- price makes a near retest a key level
It smells like a false upward move. And then down.
There's also some very bad news:
Update: Following Aave, the Compound community voted to freeze the credit market. The restriction affected 10 tokens: COMP, WBTC, BAT, UNI, LINK, SUSHI,...
looking like its getting to the bottom here, without a complete blow up of the space this should be around as low as it goes. accumulation phase for this along with the other ETH plays. Will follow eth, if eth falls this will keep falling.
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...
0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the Ethereum blockchain without relying on centralized intermediaries like traditional cryptocurrency exchanges.
To learn more about this project, check out our deep dive of 0x.
0x achieves this decentralized exchange functionality using a collection of open-source,...
...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.
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Everything on the chart.
Entry: market and lower
Target: 0.38 - 0.42 - 0.44
after first target reached move ur stop to breakeven
Stop: ~0.27 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
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