ZRX price is consolidating in the range of $1.04 - $1.16
On the daily timeframe, MA100 is in support, RSI indicator is in the bullish zone.
Volumetric and cluster analysis shows an increase in demand from buyers.
Buy entry can be looked for in two ranges:
1) At current levels of $1.04 - $1.16
2) In case of correction at $0.82 - $0.94.
ZRXUSDT looks strong, EMA is on top of the long time support. 0.38 Fib level just breaked out with a strong volume. I do believe next stop is the golden pocket, 1.68. Enjoy the ride. Put your stop loss around 1.10
Everything looks great ... it's a bit scary but the MACD and RSI indicators look very pro-growth.
Currently, we are dealing with a strengthening trend on DEFI exactly the same as at the beginning of this year. DEFi projects have accumulated energy and will it be released now? I think so because both the DEFIPerp index and the other defi project are in pro-growth...
Zrx has been making a great movement along w BTC movement. It has a breakout retest to hold over at 1.05 if not it will retest the 1.02 range before a run up in this disjointed channel to target point at 1.10. Just an idea this is not financial advice WTFDIK
Don't buy every dip,
Make a plan and work out what is a good entry price
It's always best to dollar cost average in
1st entry point = Red Zone
2nd Entry Point = Orange Zone
3rd Entry Point = Green Zone
4th Entry Point = (Lowest Blue Zone)
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.
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Have a good day.
(ZRXUSD 1W Chart)
If the price holds above the 0.41591415 point, we expect the uptrend to continue.
In particular, if the price is maintained above the...
After the end of the 5-wave upward movement to $ 2.2, the ZRX saw a higher-level correction characterized by a 3-wave downward movement. Currently, the rate has rebounded from the upward trend that was set in March 2020. This is a strong spot from which we should see an increase to the level of around $ 1.6-2.2 which I scored from fibbo level.
When BTC has...
Looking at the 5 day. Looks like we have some decent support at the 200MA. The Macd also looks like its bottoming out and about to turn around. Also the chande momentum oscilator looks like its pointing back up! Hopefully we see a nice little bull run next week!!