0x (ZRX) Moves Above Support, Chart Analysis0x (ZRXBTC) can easily bounce now that EMA50 has been tested and prices moved above EMA10 on increasing volume.
This "bounce" (green arrow) is only possible while prices remain above "support".
If ZRXBTC moves below EMA50, lower support can be tested.
Even if prices drop, we remain bullish long-term (red arrow).
Thanks a lot for reading.
Namaste.
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This is not financial advice.
0x
Turn It Up $ZRX #0X #0xProject
Weekly
Looking at our trend timeframe we can see ZRX continues to respect its downtrend since leaving an ATH imprint at $1.30. Stochastic RSI showing momentum is in favor of the bulls with no signs of reversal. Our most recent price action shows a break from $0.20 up to $0.40, leaving a new higher high. ZRX is now looking to confirm our higher low before continuing to the upside.
Daily
Shifting over to our pattern timeframe we can see ZRX looks to be stuck in an ascending triangle, our high point at $0.49, and our base at $0.32350. Stochastic RSI showing momentum was in favor of the bulls however we have temporarily slowed down.Expecting the price to consolidate from $0.32 to $0.35 before our next breakout. A look at our smaller timeframes will give us a better entry.
4Hour
Finally shifting over to our trigger timeframe we can see 4hour support looks to be forming. Stochastic RSI showing momentum is in favor of the bears, however, a bullish engulfing at this level may change that. If the price is going to respect our triangle breakout and retest we should see ZRX at our 4hour resistance ($0.36).
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$ZRX Huge Upside Potential Gain
Looking at $ZRX (0x) on the daily timeframe
Again just like almost all the other altcoins i'm currently trading, ZRX has been in accumulation for about a yaer and the longer the accumulation period, he higher the price will slingshot up
Accumulation zone is between 3100-3500 both marked out well respected weekly support levels
The price spiked up randomly to our 1st disyribution target at 5400 sats to a T and now back down into the accumulation zone
Great entry along 3550 weekly level, this is a newly found support level after touching our 1st distribution target
I have tight stops at 3550 around 2-3% drawdown, as opposed to a 11-12% drawdown because price still has the possibility of retouching 3100 sats before it goes back up
1st sell target at 5400
2nd sell target at 7915
Please be patient with this coin, again this is on a daily chart and this coin just broke out of a 1-year accumulation period so it's going to take a little bit of time for the trend to reverse. Keep a close eye on this coin if you aren't already
0x is an open protocol for decentralized digital asset exchanges that runs on the Ethereum blockchain as an ERC-20 token
0x protocol essentially is a standard messaging format and suite of smart contracts based on which the transacting entities can exchange digital assets or tokens
0x ZRX/BTC Triangle Breakout Potential 35% + short term profit0x has been undergoing a consolidation phase over the last 2 weeks after its meteoric rise.
We can observe a clear breakout attempt over the past day, as higher term frame indicators have reset and look to be ready for a new leg up.
It currently just finished a candle close above the 50ema on the 4hr chart, which is a very promising sign for potential continuation.
RSI approaching bullish territory.
Macd cross + first green histogram bar printed on the 8hr.
Daily stoch rsi has all but bottomed out and finally made a cross upwards. Potential points of profit are indicated in green.
All positive signs.
With the rest of the alt coin market going massively bull, this may be ZRX's time to shine and potentially set new highs.
Stop loss indicated in red.
This is not trading advice.
ZRX/BTC - Goal for 2020 (Potential 2x)After over 130 days of consolidation, it looks like 0x is ready to rock and roll after some help from old mate Teeka Tiwari.
It's not unreasonable to suggest that price makes its way back to the 5000 sat range in 2020. This would illustrate the 50% rule, meaning that price tends to move to 50% of the previous years' high after a big fall and subsequent consolidation. The highest I can see it going is to 6000 sats, representing the top of range and also lining up with major resistance.
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0x Looks Ready, Breaking Above ResistanceThe day started strongly for 0x (ZRXBTC) with a very strong green candle.
Today alone prices have grown by as much as 22% with the potential of going higher.
The downtrend line based on candle close is already being conquered but this signal is only confirmed when the daily candle closes above it.
This is the dotted purple line.
We are very likely to see ZRXBTC growing with good easy in the weeks to come.
Namaste.
ZRXBTC in Giant Bullish Triangle ZRX/BTC, despite the extreme fall of the BTC, has barely moved and continues to consolidate in the huge Bullish Triangle. Price movements decrease over time and the price level is compressed, followed by BreakOut. If the ZRX allows us, I will certainly get it at 2750sats, from which I expect a reflection towards UP. As support we can consider the BK231 indicator, which is starting to have a growing tendency and this suggests the transition from the correction to the impulse structure. In the case of Fake BreakOut, I also charted the Re-Buy zone at 2100sats. Further in the chart you can see the Key and Bullish zone, these levels will have a big impact on the future development of the chart. In the Key Zone, we have to notice the reaction of Bulls and Bears. Once we test the Bullish Zone, the chart will continue to UP to fill our Target. The first Take profit zone is determined by the horizontal resistance (5100sats) and the second Take profit zone is the Fibonacci projection of the 1,618 first pulse wave (6230sats).
ZRX/BTC only bullish indicationHello traders,
Zero X is on a clear strong bullish momentum, the price broke the long term downtrend line, made a pullback to test as support, we stay above a important support level and acumulated, now we just broke the short term downtrend line, a uptrend is coming for Zero X.
Very Very Bullish.
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ZRX/BTC 1H (Binance) Falling wedge on support0x Protocol is quite promising for mid-term, let's see if it can grow short-term too.
Exiting this bullish pattern would probably propel it higher but this is a safe set-up:
Entry range= 0.00002815 - 0.00002763
Take Profit= 0.00003032 | 0.00003122 | 0.00003211
Stop Loss= 0.00002546
Risk/Reward ratio= 1:1 | 1:1.53 | 1:2.27
Expected Profit= 8.71% | 11.94 | 15.13%
Possible Loss= -8.71%
Fib. Retracement= 0.382 | 0.5 | 0.618
Bullish if we get a good daily closeLooks like a textbook reverse Head and shoulders formation, and if the price can close the daily candle above that neckline ~0.35 I will be getting exremely bullish. I plan to buy into that strength and then if we come back down and retest the top of the neckline, I'll buy more.
This thing has the potential to do 100% this year if this plays out.
Yellow line marks my target/resistance