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Potential for New All-Time High? 0x! (ZRX)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 above the resistance soon, like the pattern suggests we would. Bearish: On the other hand Cryptos are so unpredictable and not all patterns apply. We could also fall down to the $1.5 Support. (Or even further) --This is NOT financial advice. Please make your own research before investing in any asset-- I wish you successful trades!
POLONIEX:ZRXUSD
by Kayainvestor
1
0x (ZRX) Potential Profit of 100% and Beyond! (Binance)This is a coin I've been looking at for a while now. 0x (ZRX) is a really interesting project, taken from their website "0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain.". In other words, it's not one of those vaporcoins that really don't have any purpose but to generate money to the creators. This is a good HODL coin as well, but we're going to use for trading this time. ZRX woke up from its sleep last December where it went up more than 1200% in price. We've been seeing some sideways action for a while now, taking a close look it's forming a bull pennant. See the illustration of how a bull pennant usually works. My indicators are telling me this coin can go up by a lot this coming days. We have found support on the 0.786 fibonacci line, as well as trend support stretching several days back. We have a clear resistance at 16505 that we have to push through in order to get some nice gains. Luckily for us this is a great entry point because we have some big buywalls behind us. So how do we trade this? Let's take a look.... Trading instructions: Entry: 0.0001430 - 0.000151 Targets: 1. 0.000165 2. 0.000185 3. 0.000223 Longer term targets: 4. 0.000285 5. 0.000449 Stop loss: 0.000122 (18% risk) If you want, you could place a stop loss just under the flag trend line if we're to go down, then you could rebuy at the lower trendline from december.
by mafaizer
Playing field for ZRX: where oh where will price go?!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 this, there was a bullish cross in the MACD 2h chart, coinciding with the "low testing" highlighted in the graph at 8am on 16/01/2018. This is generally very bullish short term and you can see the price move up. So I was just a little late on calling it! :) But nevertheless, here you have the rationale behind it and maybe you can buy it next time when it happens or just before. Furthermore, we see the 4h chart moving in on a bullish cross in the MACD, supported by the CCI. I have to say that for the moment I am neutral to perhaps slightly bullish, but you can see that the price is still in the negative trend channel for the moment and we might want to sit this one out while the market is doing its swing dance :-) Just a bedtime story in technical analysis ;-) cheers PS: something similar happening with SolarCoin, have a look there as well!
by A_Cryptastic_Mind
1