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ZRX / BTC analytics0x is a decentralized protocol whose goal is to modernize and simplify the trade of ERC20 tokens through the use of transactions that take place outside the blockchain (off-chain) under ETH smart contracts. ZRX rate follows the market, an upward trend has formed. The 0x quotes correlate with the ETH, but on October 7, the rate broke off and went higher, and now the price will be adjusted to the lower level of the channel most likely. The current minimum was formed at the level of 0.00007369. The resistance at 0.001180 has broken through, but did not lock in higher, which may lead to consolidation of the rate at this level. In addition, it is a comfortable zone for asset purchases - 0.000101 - 0.000105. Volatility is 3-4% during the day. But the periodic appearance of large buy orders may cause of the long candles appear and volatility increases. The growth potential 0x is difficult to calculate due to the fact that the rate of the token depends on the development of ETH, being its extension indeed.
by ZOGRAS
Huge volume spike on zrx takes priceaction over neckline of ih&sI assume the hype about zrx soon coming to coinbase is the big culprit for why zrx has seen such a massive spike in bull volume that has brought it well above the neckline of its inverted head and shoulder pattern. However to trigger the breakout I think we will need the current 1 day candle to also close above the neckline...if so you can likely expect the price action to reach the green target posted here on the 1 day chart. A fakeout is still a potential possibility so tread carefully.
Long
by DrDovetail
$ZRX Price Analysis: Coinbase EditionFor those that were fortunate enough to read the exclusive news release attesting to the fact that Coinbase has officially added $ZRX into its API, you’ll probably be anticipating a price analysis on what’s going on. "Is it going to pump from here?" "Are the gains already priced in for $ZRX at this point?" "What is the maximum R/R for this trade if I enter into a long position from where I am currently?" These are all great questions that will be answered in this idea, so sit tight. $ZRX Price Analysis We’re going to start with the daily chart resolution here: As one can see on the chart above, there was a precipitous backslide in the price that started around July 16th, 2018, before eventually being broken toward the end of September (23rd of the month to be precise). The price has been on a mini-uptrend ever since, nothing major. In fact, this most recent bounce is what allowed us to draw the uptrend line that you can currently see on the chart above. Now, since the price data is so ‘fresh’, we’ll go ahead and move in to a smaller time frame, in order to get a better idea of impending price action. Before We Move On, Keep This in Mind We are currently looking at the $ZRX / BTC price pairing. Now, since the price of Bitcoin has been relatively stable over the last month or so, we can look at the Bitcoin and USD charts in an interchangeable fashion on the markets for the most part (**Fun fact: The price of Bitcoin 30 days ago was $6,528 at open, which is less than $60 away from where it is trading currently at the time of writing). However, traders should be aware that the price of Bitcoin could change drastically at some point in the near future. Therefore, traders would be wise to consider strategies that will account for the potential increased volatility of Bitcoin in the near/distant future if they are only looking at the Bitcoin-paired charts like we are today. H4 Time Frame Now, if you’re looking at the chart above and getting a bit confused by the diagonal and horizontal lines, don’t worry. We’re going to simplify this for you. Let’s just look at the horizontal lines for now: In the picture above, the blue boxes represent the points of resistance/support that were visually identified on the chart (we just look at points where the price appears to have consistently failed to break above/below a certain price and draw a horizontal line there to mark these areas). Currently (no surprise), the price of $ZRX is struggling to get above heavy resistance at the 11k sat zone. This has resulted in a slight draw down of the price. Now, on the above chart, the Heikin Ashi bar design is used (to ensure easier viewing of price movement), but in order to get a better idea of price movement, we’re going to switch over to the ‘normal candle’ view. "Why did we just do this?" We did this because the above picture now shows us that the price is back on its way down. What does this mean? Great question. For now, it means that we should/can anticipate a potential re-testing of the resistance point that $ZRX had broken in order to reach the highest overhead resistance that at 11k sats that it failed to break. Re-testing of the Supports/Resistances This is a phenomenon that happens very frequently in trading. You’ll see a price break through a resistance and then the price will stagnate on its run up and then eventually return to that resistance to test it as a point of support. Conversely, a price may break below a support point, and after a period of heavy selling, will gravitate back toward that support point to test it as a resistance before continuing further. Above we can see the most likely price action for $ZRX on the H4 if it is to adhere to this principle. We’re switching back to the Heikin Ashi now Next Point of Resistance Okay, so let’s assume there is a re-test of that lower support point (10k sats), and then the price is able to successfully bounce from there and continue upward to the 11k sat point that its struggling to break now… Where would be the next point of resistance? The chart above is telling us 12.6k sats (based on analyzing the chart data itself; not via indicators). Thus, the following stream of graphs that you see below could represent the impending price movement. 1. The price could decline up to 8.22% as it re-tests the former resistance point as a support. 2. This could then be followed by a +14.41% increase. From there, there may be another 6.51% nod, totaling a 21.29% bounce (assuming that the price does touch all the way down to that lower support). RSI(14) for $ZRX The RSI(14) on the H4 for $ZRX corroborates our assumptions as well. While the RSI(14) is a relatively sensitive instrument (more so than people realize or account for), it still can give us fairly accurate readings when it comes to analyzing future price movement. In the chart above, the downward point of the RSI(14) is not necessarily factored into our considerations (just yet), because the period is not currently over; thus, the price information could change and render an entirely different reading in a couple of hours. However, what we can confirm is the fact that the RSI(14) is reading that the crypto is grossly overbought at this point. And all of that momentum did not come solely from the Coinbase news. $0X was already outperforming several coins in the market before the advent of said news. RSI BoP Indicator for $ZRX (Custom Indicator) This indicator (which is custom) is showing that the buy pressure on $ZRX has reached an extreme over the last few periods, which amount to 32 hours when you do the math (8 periods of the indicator tracking ‘extreme’; denoted by the red coloration of the line). It now appears that the incidence of selling has finally picked up. Brief Look at the 10 Min Chart Now, take the readings here with a grain of salt, because, by the time you’re reading this portion of the article it is more than likely that the price of $ZRX may be wholly different from that point or reflect alternative information… But it appears from can be seen now that the 11k region specifically is holding itself as a solid point of support. Now, of course, exuberance could hit investors once the news of the likely Coinbase addition becomes really widespread, which would result in that 6% increase first before a drawdown back to 11k and perhaps even further to the lower 10k sat range. Conclusion On a fundamental level, a potential Coinbase addition is huge (if this is something that does happen). And, regardless of whether it does or not, the more important thing to analyze here in terms of market movement is whether or not the market believes that it is going to happen. If the market does believe that it is going to happen, then it is as good as done. However, if the market does not believe that it is going to happen, then the price action for $ZRX will more than likely bottom out sooner or later and continue downward precipitously. But we do not anticipate this to be the case. Coinbase noted before that they were strongly considering adding ERC20 token support to their platform and signaled as much with the addition of $ETC (Ethereum Classic) before moving on to post that they will be advocating the support of other ERC20 tokens as well. We have no R/R on this trade, because we feel that it would be best if traders waited until the downturn of this move finishes out before moving back upward. However, we do feel that 12.5k sats is a safe bet for the price in the near term.
by librehash
$ZRX Whale Dump Idea!My first thought that recent up is a dead cat bounce. With 1 billion right now ZRX sitting #26 at coinmarketcap. Quite volatile which is good for traders than holders, ey! Here are my 2 cents. 1. By the price action we see that two support boxes that i draw is quite good for retracement place. Following my Elliot Wave that would be perfect for an accumulation right there. To have a reversal, it must be break my yellow trend line with quite good momentum, if BTC price is sideway or even down ward, don't ever expect that before the time coming. 2. RSI level continuing made HL and always get rejected which makes this idea is even stronger. Above all ZRX is good project and you should not doubt it for now, but for the price, let the market decide.
Short
by blockchaindedi
2
ZRX - Getting ready for more upside! ZRX has bounced nicely since hitting a short-term bottom at 7300 and it trying to test the highs above. ZRX does have a possible upcoming catalyst with a Coinbase listing and with yesterdays news of Coinbase allowing more coins to request listings, ZRX has turned very bullish and could be set for more gains if Bitcoin can get above this resistance level. RSI still has room to move up before hitting resistance so we can get one more test of resistance before moving down. MACD histo has turned positive and signal lines are flat above median so far. Would be smart to wait for some type of move before entering a position because we are currently in a no-trade zone. Thanks guys!
Long
by CM_Trades
[ZRXBTC] 0x Protocol - Ride The Next Wave [130% PP]0x (ZRX) is "An Open Protocol For Decentralized Exchange On The Ethereum Blockchain". This is one of the most famous projects within the cryptocurrency industry, many people love it. So here is a trade by request of one of our PREMIUM supporters, I hope you enjoy it. We are going to trade this like any other atlcoin. We will look at the charts and trade according to the signals we get. We have a buy in range to better guide you as to when to buy into this trade. We are going to have targets, so that you can know exactly when to sell, and finally, a stop loss, in case the trade goes wrong. If that happens, we get stopped and go out only with a small loss. We have huge potential, with very, very low risk. That's because the market has been in bear mode for quite a while, so we are using a tight stop loss, with things turning around, the potential is big to go up, we are getting signals from all across the board. We are about to experience a new wave up... Let's start with the weekly chart:  Notice how a wave up follows each wave down, which is normal market behavior. We are at the end of a wave down, based on the candlestick formation, chart structure, market cycle, volume and indicators. You can also see the chart yourself, you can see how a wave up follows each wave down. Just as a wave down follows a wave up... regardless of what is happening in the market. Sometimes we have long wave down, some other times we have long waves up... Namaste... Let's continue with our trade. Now a closer look at the chart, let's look at the daily time frame; 24 hours per candle. This is good for practice and learning, let's see what we can spot from my favorite signals:  First you can notice the descending channel, red, on the chart above. You can see that after the #4 red candle, ZRXBTC price has been going up. ZRXBTC is now also trading above EMA10 (blue line). The #4 red candle, which is a hammer and where the lowest price was hit. Also coincides with the bullish divergence on the MACD followed by above average volume. All these signals point to additional bullish action. The RSI is at its highest since August and the STOCH is on the bullish side and trending up. All these bullish signals are asking us to open a position and trade this coin. Understood... Let's trade. Trade instructions by Alan Masters Buy in: (1) 0.0000900 - 0.0000940 Targets for 0x (ZRXBTC) for Alan Masters followers: (1) 0.0000997 (2) 0.0001161 (3) 0.0001291 Note: As soon as we hit our first target, we raise our stop loss above buy in price. This keeps us in profits once our trade starts to develop. To learn more about how to sell the targets, read our "Sell for profits" articles by clicking on the "Education" tab. Note: Not all targets are meant to be reached. These numbers are for reference only. Sell as soon as you feel confortable with your profits. You can sell at anytime you want, any amount you want. Stop loss: (1) Close daily below 0.0000795 Capital allocation: <10%. I hope you enjoy this trade. Thanks a lot for reading. Your support is highly appreciated. And remember... it doesn't matter what happens, YOU DESERVE THE BEST! Namaste.
Long
by AlanSantana
24
ZRX target 30USD ++ in 2019 MOONWe are on the verge of a new euphoric bull market. Look here: In a bull market everything is positively correlated to BTC, but altcoins grow much faster, so it's better to focus on them. ZRX has been one of the strongest coins throughout the bear market. It's a protocol for creating decentralised exchanges which is probably one of the greatest problems to be solved in crypto space right now. Binance, Bitfinex and other exchanges had more than $1.5B pure profit each in 2017. ZRX is attacking this space. If they succeed market cap can be much higher than of all of the centralised exchanges combined. Great team solving real problems. What can go wrong? Lots of possible catalysts. Joining Coinbase, Ethfinex potential success and much much more. My thesis is that BTC will go to the moon and ZRX will be one of the leaders of the coming bull market.
BINANCE:ZRXUSDLong
by rafbie
4
ZRXBTC - 4H - UpdateZRX has seen a nice runup since tapping into the demand zone around 7400 but seems to be breaking down from the triangle. Overall, with some alts starting to look bottomed out barring a BTC meltdown and possible coinbase listing soon, ZRX seems like a strong pick for a long. RSI and MACD seem to be turning up showing positive momentum and we are currently sitting right at the demand zone, which has held well so far. For the more adventurous traders, placing a long order in this demand zone could be a good play, targetting the top of the triangle as a take profit. For the more conservative traders, waiting for a pullback back down to the lower demand area could end up avoiding the loss from a break of current levels on a BTC move lower. Both stops would be placed below the SFP lows and targets are outlined in the chart. Please hit the 'like' button and give us a follow! Let us know what you think below! Thanks
Long
by CM_Trades
There is a possibility for the beginning of an uptrend in ZRXUSDTechnical analysis: . 0X/DOLLAR is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.666 to 0.492). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.666) Ending of entry zone (0.492) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.837 TP2= @ 1.041 TP3= @ 1.258 TP4= @ 1.510 TP5= @ 1.887 TP6= @ 2.117 TP7= Free
BINANCE:ZRXUSDLong
by ForecastCity