ZRX setting up to make a move towards fib 1.618 levelWith the recent breakout after a nice period of consolidation, ZRX is looking to breakout towards the 1.618 level.
I'd expect to hit 4.669 fib level before we some major long term consolidation
ZRXUSD trade ideas
ZRX Parallel Channel Tightens Above Mid-LineZRX has been riding steady in this channel for about 5 days now. Sure it's a fairly large window between $1.29 and $1.70, but it's starting to tighten.
As the 200 MA continues to rise, so do the chances of a move above the parallel channel.VPVR showing support at $1.47. RSI keeping steady below 60. MACD has been steady and is shaping up for positive momentum.
All indicators pointing in the right direction!!!
J-DOT-CRYPTO
ZRX (Ox Protocol)- Lesson's for new entrants. 2x here.Dear Trade Diary,
Made a nice 3x on a modest position in ZRX getting in 1/30 and out 2/8. Nothing to write home about. However in retrospect, having investigated the use case for this protocol and its full chart life, i'd have stayed in. So, i'm back in. Long position this morning at $1.42. Will dollar cost average into this position all the way to $1.25 (if it comes to that).
what i mean by investigating the full chart life is this (IMPORTANT LESSON): There are a dozen charts for just about every trading pair in crypto. One for each exchange platform. The KEY is to understand that the chart 'life' of a trading pair only begins on the day which that particular exchange 'lists' the pair for trading.
I know there are going to be plenty of people saying 'duh' here. And i'd probably be one of them most of the time. But when you are looking for entry and exit points in the newer defi projects (Ox isn't that new i know), its hard to remember to confirm all data. Suffice to say i had enough data to know i wanted to enter ZRX at $0.50 cents. And it wasn't until a few days after I closed my position at $1.50 that i realized the ATH for this protocol is $2.50 and its prior local ATH is right around $1.80.
This bigger narrative is why i am back in ZRX. It's going to play around in the $1.20 to $1.50 area for another few days, but this is what it has going for it:
1. weathered this recent storm,
2. maintained its price for 5 days after a steep/recent (3x) run
3. still priced at half of its prior ATH when its peers have already broken through.
4. A central and irrplaceable oracle for the largest defi trading platforms.
The above makes this a strong buy for a 1-2 week 2x from here. I'm putting 5% of my portfolio here. Why not more? Well it has nothing to do with uncertainty that is for sure. Its just my bags are soooo damn packed for the next shuttle launch that i'd have to sell my children to take a bigger position. There's got to be an .io for that lol.
Ox is to defi (for the time being) what LINK is to ETH. Admittedly there is alot more competition in the defi space and there are some defi platforms running other protocols. But half of all defi liquidity pools are using Ox and defi continues to smash new records everyday in terms of locked crypto. All that equals value IMHO. Even if 'value' is really hard to determine in a decentralized opensource protocol, the staking returns will only continue to rise as more crypto entrants harness their full buying power.
This is not advice. Not an expert. Just putting my thoughts in writing for personal reference material.
McG
ZRXUSDT long market is extremely bullish after a nice impulse we have been consolidating in this symmetrical triangle pattern a bullish continuation pattern we are currently breaking above resistance, if we close above from a 4hr perspective we will be taking a long.
ZRX Projection **BUY**We should continue to see an uptrend on the second part of the parabolic cure over the next 3 days.
Plan on ZRXUSDEverything shown on the chart. Demand and supply zones determined on the basis of fibbo expansion and their corrective movements
ZRX (0x) looking bullish0x 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
ZRX 0x Analysis - Next Wave Up - POSSIBLE TREND BREAKOUT! AS YOU CAN SEE FROM THE ARROW THAT I DREW IN GREEN, THERE IS A POSSIBILITY OF AN UPWARDS MOVE TO BREAK RESITANCE AFTER MACD AND RSI INDICATORS SHOW SUPPORT ZONES REACHED. NOW THE QUESTION IS, DO WE BREAK THAT DOWNWARDS UPPER TREND WALL OR DO WE BOUNCE OFF AND DOWN TO THE BOTTOM OF THE CHANNEL TO TEST LOWER LEVEL SUPPORT WHICH MIGHT BE A GREATER BUY OPPORTUNITY IF PATIENT. THIS A GREAT PROJECT AND IT ALSO HAS A 'STRONG BUY' RATING ACROSS THE CHARTS ON TRADINGVIEW TECHNICAL INDICATORS (TAKE A LOOK). I SEE THIS STARTING TO MOVE UPWARDS AFTER A FEW DAYS OF DOWNWARD WAVE CYCLES.
Possible parabolic ZRXLooks like we got the makings of a slow and steady upwards parabolic trend but what do I know.
Momentum is building on the 15 and the 1h.
I'd long for now. Might see it try to touch $2 in the next day. Otherwise probably retrace down to $1.47ish
ZRXUSD H8: ABC 80% gains BEST LEVEL TO BUY(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
ZRXUSD H8: ABC 80% gains BEST LEVEL TO BUY(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ZRXUSD 8hours/candle chart review
::: updated/revised outlook
::: still great setup for 80% gains
::: same A/B/C fractal in progress
::: as in XLMUSD recently on right
::: BUY/HOLD 1.00/1.10 USD
::: near point B
::: point C is +80% gains
::: up to 80% gains possible later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +80% gains
::: details: see chart
::: FINAL TP +80% gains point C
::: recommended strategy: BUY/HOLD
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BULLS
Pioneer Dex and Defi - $4! Just 2x from now.Clearly showing uptrend. Just small correction from $2. Now again moving to next target $4. Expecting this weekend.
circulation supply - 750 million and total supply is 1billion less than UNISWAP and 1inch. So there is a big chances to follow those Dex pricing and $4 is min price than UNISWAP and 1INCH.
Like and comment if there is any idea and questions. Thank you.
Instructional chart: Trend changes and ZRX current topHere we can see ZRX top out, pull back into a downtrend, and clearly then change that trend into an equilibrium pattern with textbook tightening range and declining volume. Once volume pours back in the equilibrium will break out of this pattern bull or bear.
A quick look at 0xWe have seen some great action with 0x over the past few days.
Since early Jan we have been finding support on the Bollinger Band basis in the daily for the most part, since Jan 28 we have been finding support on the white upper BB. On Feb 3 we saw the Blue LSMA turn back up and as a result we saw a considerable expansion of the BBs.
In the near term group of TFs (1d, 2d, 3d, 4d) the Green MA is higher than the Energy indicating upward pressure and the Red RSI and Blue LSMA have made contact with the Green as it rises also indicating upward pressure. We do however have to be cautious when the Green is so much higher than the Energy, particularly when the Energy is hovering around just above 50. We are currently seeing oversold conditions in the near term group of timeframes.
As discussed in some of my other analyses, changes propagate upwards from the scalping group of timeframes, (6m, 12m, 23m, 45m). It is important to constantly monitor these timeframes to get an idea of how the dynamics will propagate up. As we start to see the Energy above the Green as currently in the 6m & the 23m we need to be cautious. This downward pressure can quickly propagate up through the timeframes.
When the Red RSI fell below 50 in the 23m a downward pressure race was triggered. In order for upward pressure to resume, we first need to see the Energy in the 23m CLOSE above 50 before the Red RSI in the 45 CROSSES below 50. If the Energy does win the race, we need to see the Green MA higher than the Energy in at least the preceding three preceding halved timeframes from the timeframe in which the race was triggered. If the Red RSI in the 45 wins the race, we then need to concentrate on the Energy in the 45 and the Red RSI in the 90.
Because of how much higher the Green is than the Energy in the higher TFs we can see pressure reversals manifest themselves rapidly.
With the Red RSI below 50 and the Blue LSMA heading in that direction in the 45, we are at risk of the price action falling between the White/Aqua lower BBs, if the Blue LSMA crosses below 50, we could potentially see the price action fall between the Aqua/Orange lower BBs.
In the 45 the Red RSI & Blue LSMA are dropping quickly toward 50 and the Red RSI is at risk of crossing bearish below the Blue LSMA. If the Red RSI & Blue LSMA close below 50 in the 45 we could see the price action fall between the Aqua/Orange lower BBs (currently $1.22 - $1.06)
I am for now marking this publication as neutral because although we are bullish in the near term, we can see potential for a reversal in the lower timeframes.
This is not a signal one way or the other.
As always - this is not financial advice but just my view of current market dynamics.
One has to be aware that analyses are done on the basis of what the indicators are saying at the time and things can change. It is important to always monitor the scalping group of timeframes as we will see changes propagate up from there.
Trade safe
aBL
