Ox
Anchorage above level ZrxCorrection was ready to grow!
Strong project zrx
Creating a tokenized world where all value can flow freely.
0x is important infrastructure for the emerging crypto economy and enables markets to be created that couldn't have existed before. As more assets become tokenized, public blockchains provide the opportunity to establish a new financial stack that is more efficient, transparent, and equitable than any system in the past.
ZRX/BTC long termI am keen on ZRX and have had some solid trades out of this for a while but overall pretty bearish as i see this walking down further to a level of demand build on the original run up thats been tested one before we a great response.
Using some repeating fractal patterns and some fib levels that keep getting hit with each fractal i can see us walking down to that demand following by a 786 entrancement from the last level of supply.
This will take a while but there should be some solid trading opportunities with in that range on the way up imo.
Will be keeping an eye on ZRX for those trade opportunities to present them self
Small profit incoming for ZRX (9% minimum within a week)Hello all my friends! I am back with another quick trade idea for everyone!!! Make sure to like and follow to be updated on all upcoming altcoin breakouts!
Lets get to the technical side of things and give everyone a quick overview on ZRX
as well as what is around the corner as far as price action goes. As we can see ZRX has
hit resistance attempting to break out at 8414 on Binance with the current volume of BTC
at 550 for the 24 hr. What i predict will happen with ZRX is that it will break above the 8414
within the next 48 hours upon breaking out i will be expecting this to reach the 9100's level
not only a personal TARGET that i have placed but also where i am seeing resistance at. After we
reach the 9100's level expect the retrace down to the 61.8 fib level which is also going to be support
between 8400 to 8600 level. REMEMBER generally prior resistance can act as support following breakouts.
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DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
ZRX Daily ChartZRX pulled back nicely after the coinbase listing run up. Shown are some strong regions Ill look to accumulate to my long term positions. You can see the amount of times the .65-.50 cent region has been tested and resulted in a nice rally. Id have to believe the same might occur into the EOY.
ZRX 10.16.18 Head and Shoulders?Possible head and shoulders playing out.
We have the initial uptrend, an increase in volume to form the left shoulder, another smaller volume spike for the 2nd left shoulder, then another big volume increase as the head forms, then decreasing volume as the right shoulders form.
A break of the green necklines with an increase of volume would confirm the reversal pattern. If this does play out it would be very strange considering it just got listed on Coinbase and BTC has been showing some signs of bullish short term movement. Does Ox know something that we don't know?
#andthewindcriedcapitulation
ProjectOx ZRX 80% Profits Profits Opportunity As our team repeatedly tried to tell about project OX, to be honest and logical it is one of the most potential alt coins in the crypto market arena. Recently the well know market strategiest and trader Teeka Tawari noted about this project in its recent Palm beach Conf. report. He wrote :
"What Makes Project 0x Special?
As mentioned above, current decentralized exchanges are slow and expensive.
The reason is because every time you adjust the price of an order, it has to be written to the
blockchain. So in the case of a DEX that operates on the Ethereum network, you’d have to wait 15
seconds for the blockchain to “see” your order.
On top of that, you have to pay a network fee every time you make an order change. This makes using
DEXs slow and expensive.
Project 0x fixes this problem.
The 0x protocol collects order data and relays it (along with changes) off the blockchain. Orders only
get written to the blockchain when trades are settled. This dramatically speeds up the trade process
and eliminates needless transaction fees.
In addition to being slow and expensive, DEXs are illiquid because they can’t communicate with one
another. In our opinion, this is the real breakthrough and “special sauce” behind Project 0x’s solution.
Project 0x allows any exchange using its protocol to pool its orders with any other exchange utilizing
the 0x protocol. This increased interoperability will lead to much more liquidity."
True true the next coming up great ideas will be decenterlized market places which will have so many answers to so many parties on the way. Project Ox is one of them and the leading one. While the fundamental analysis showed us some aspects of its long term potential growth the technical analysis is also showing a good opportunity of investing in for both short and long term positions. A falling wedge triangular pattern is already broken last weekend and is developing an upward elliott wave pattern. RSI looking good at around 60 and MACD looking bullish too. If volume can push some more and bulls can hold stronger most probably a 5 wave impulsive elliott pattern must occur. Here are the major resistance levels for our distribution phase.
Accumulation Zone : 9500 sats - 10500 sats
Distribution Targets :
Target 1 : 11658 sats
Target 2 : 12989 sats
Target 3 : 14320 sats
Target 4 : 16215 sats
Target 5 : 18629 sats
Stop Loss : 7300 sats
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
For further questions, feedbacks, suggestions and encouragments you can inbox us here in our trading view account. With Regards. Team TWA.
ZRXBTC BITTREXFirst trade successful on ZRX after it broke the short term downtrend with a bounce off the long term weekly uptrend, finding resistance and being rejected at the 15k sat level. After a small retrace, ZRX has found some support at the 38.2% fib level and looks like it could continue up to retest 15k. If it continues up we will may see a break of this resistance and another bullish move up to test the daily resistance level at around 16.3k sat. If ZRX gets rejected again at the 15k level to form a double top then we may see a further retrace down to support around 14.1k. This level of support aligns with the 61.8% fib level which would be an ideal entry IMO for the next bullish move.
Watching closely over the next few candles.
Buy zone around 14.1k sat.
ZRXBTC BITTREXZRX has been respecting its short term down trend for some time now. After pushing all the way down to the long term weekly uptrend, it has bounced back up to retest resistance around 14100. If it breaks upwards here it will continue to test the short term downtrend. Rejection here will see zrx head back down to retest the weekly trend line. If this scenario plays out then I will be looking for an entry on confirmation of the trend line being respected
Watching closely.
OX in a three-drive pattern OX is one of the rare coins that continues to grind higher bearing in mind overall bearishness of the crypto market. The coin has pushed higher above the previous swing high and it is now correcting in order to get more support for the next wave higher. It looks like the OX is creating a bullish three-drive pattern that points out to more gains in the future. In essence, the price returns to the 61.8% retracement after the first drive. Similarly, the third wave should start after the second wave is finalized with another 61.8% retracement. Currently, it looks like the second the coin is in the second correction after which the third drive shall start.
If this is the case, watch for the reaction from the 61.8% level before continuing higher. The RSI on the H4 chart is also pointing towards a retrace to lower levels before continuing higher.
0x breaking Bearish LineAn update for the last post from 28 of June.
ZRXBTC did draw a rebound pattern, took-off from the 0.0001 level and recently managed to break above the 100-days EMA and reach the Bearish Trend Line; Bearish Trend Line is the boundary of the May downward tendency and breakthrough above it is a proof of the uptrend development. For now, the overall pattern of ZRX looks bullish, and turnaround on 0.0001 level with further uptrend fits well in the bull-trend scenario. If ZRXBTC pair manages to hold above Bearish Trend Line and develop upward momentum - the next resistance on the way up will be 0.00015 level. From the downside, 100-days EMA should play a supportive role in the uptrend scenario.