ZRX broke out of an inverse head and shoulders formation and the neckline support did not hold on the retest however the pair is offering a good reward for risk and is keeping stronger than some other alt coins which suggests the market's interest in buying this currently. Target is the upper boundary of the range. We had also formed a bullish divergence on RSI...
ZRX broke out of an inverse head and shoulders formation and the neckline support did not hold on the retest however the pair is offering a good reward for risk and is keeping stronger than some other alt coins which suggests the market's interest in buying this currently. Target is the upper boundary of the range. We had also formed a bullish divergence on RSI...
Chart and Fib Extensions/Retracements are in Log Scale. Prices and Targets are moved to the right for clarity to not clutter the chart. (Not Scaled to Time)
Short term
In the purple count, we can confirm it was a wave 1-2 because the 1.618 hits the top of wave 3 at around $2
Looking for a pullback into the 0.382 level at around $1.40 range
Possible stop...
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.
Disclaimer
I have to warn you that we highly recommend not taking a new long trade on ZRX. Before you place a new order, make sure your trading decision is in line with your strategy and risk management. The order described in this post was placed over a month ago and is already closed with profit.
Reason to Buy
Late December and early January were a really hot...
ZRXUSD is breaking out. Look for an entry above the previous Lower High that was set after the las breakout, was 1.951ish I believe. The RSI and Stoch look ready to go as well!
by watching today's market we are expecting that ZRX move out of Triangle and move to second target in next 3 days and maybe even more
First target : $1,765
Second Taregt : $2.059
Third Target : $2.690
Stop loss : $1.20
ZRX can do it and go for high levels
we can take a place from here or wait for a confirmation close above the trend line and then we can be happy
If we take a place for these levels we can get about 15% but I think it is a risk, at all I will take some from here
0x is looking ready for another wave up
Bullish indicators
- 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
Everything is bullish atm... So no surprise if this breaks out. In these market conditions, one can buy even before the breakout, but that is not recommended due to the risk that follows. Buy at own your own will.
Hi guys..its the latest analyze chart of ZRXUSDT in daily timeframe .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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