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Ox

ZRX/BTC Cup and Handle UpdateZRX is still forming a handle from previous big cup and handle pattern which took 3 months to fully form Some things to note here Coinbase announced today that it will list ETC in the next few months, the first of potentially multiple new tokens on their site Price is moving sideways and downwards in a range of about 18k-14k Sats Support waiting at 13k Sats in the mean time Still waiting a major bounce from one of supports or broken trend and ultimately awaiting continuation pattern upwards ZRX Appears oversold with current RSI sitting on 13 which may usher a bounce at current level Below 12k Sats spells danger for the pattern AND near 11k Sats ($0.75) this handle will be below the halfway mark down the bowl and the pattern will be no longer valid!
Long
by UnknownUnicorn1770111
1
0x, end of correction is near?Coin of the day is 0x. ZRX is one of the most positively looking coins on the market managed to restore all losses from the market depression of beginning of 2018. Development of DEX’s based on 0x protocol fueling growth of the coin, as 0x is one of the most popular tech providers for the Decentrilized Exchanges. 0x(ZRX) is an ERC20 based protocol designed to offer a decentralized exchange as part of the Ethereum blockchain. The main idea of 0x creators Will Warren and Amir Bandeali was that any use case that involves an exchange of different assets can eventually be built using 0x. Technicals After testing all-time highs on 05.10, ZRXBTC went into correction, though correctional movement did not go deep and coin formed a triangular correction pattern which fits in overall bullish bias. 100-days EMA and Bullish Trend Line represent bullish tendency. Near-term support levels are 0.00015 and 0.00016. Bullish and Bearish Trend Lines are the boundaries of the triangular pattern, breakthrough above the Bearish Trend Line could mean the end of the correctional movement and send the price to test 0.0002 resistance.
Long
by DestinationMoonCrypto
0x - promising technology Coin of the day is 0x. Decentralized exchanges(DEX’s) is one of the hot topics in 2018. Many believe that soon DEX’s will replace centralized exchanges, as their philosophy fits better to the crypto world. If such things are about to happen, the logical conclusion is to bet on technology providers. 0x(ZRX) is an ERC20 based protocol designed to offer a decentralized exchange as part of the Ethereum blockchain. The main idea of 0x creators Will Warren and Amir Bandeali was that any use case that involves an exchange of different assets can eventually be built using 0x. Latest news May 23 – Coinbase acquires cryptocurrency trading 0x based trading platform Paradex. Cryptocurrency exchange Coinbase has acquired Paradex, a platform that enables users to trade virtual coins directly with each other, the San Francisco-based company said on Wednesday. Coinbase plans to make some enhancements to the technology and launch Paradex's services to customers outside of the United States, enabling them to trade "hundreds of tokens," it said. Technicals Sustained growth already brought ZRXBTC price higher than the all-time peak at 0.0002, and expectedly threw the coin back into a correction. The correction did not take long and the price peaked-up with huge volumes getting close to the all-time high 0.0002 level again. In case of a breakthrough of this zone, the price will not have any resistance from above thou could go high. From the below, Bullish Trend Line and 100-days EMA would serve as a long-term supporting levels for the growth scenario.
Long
by DestinationMoonCrypto
#Zrx breakout +55% up!! currently doing ABCThis was my analysis 6 hrs ago on #zrx #ZRX #ox is at perfect fib levels, matching 1.618fib extension of wave a , then 50fib retrace of 1-5 waves & at the 50DMA support , still i think its not a time to go all in on #ox, as it can test lower lvls. Laddering buys in region: 12.5k-14.5k sats is a good strategy twitter.com RIght now, #ZRX #ox surged +55% to 21.7k sats, after breaking out of the triangle consolidation. Then immediately retraced around 61.8fib support to 16.83 sats . Currently its doing an ABC correction and finding support. 17ksats can provide short term support for #ZRX www.tradingview.com
by rajista
ZRX/BTC (Ox token exchange/Bitcoin) Down Move In Progress. ZRX/BTC analysis by Michael Mansfield, 05/15/18 written 8:30 PM EST published 9:28 PM Ox decentralized exchange token, ZRX/BTC, has had a nice run during two significant up waves since November, 2017. However, this last wave up looks like the up move is over or now, or possibly one more up wave to complete this bull market runup. Either way, it is likely to continue lower for now, with minimum downside targets 0.0001693, the lower channel support lines sloping down (black), with 0.0001550 being the Andrews Pitchfork's lower fork support line (green forks sloping up), that should hold for at least a bounce at one of those price points. Supporting this view is that the 192 bar moving average on the 12 hour chart (720 minutes) should be at the area of the lower fork by the time the market gets there. ELLIOTT WAVES: If you include the candlestick wicks (chart on the right), the two large up moves and intervening down move are ugly, with many overlapping highs and lows. That should mean that this entire set of moves is just a large ABC correction in Elliott Wave terms, with the recent high a large Wave (C) top. Without the wicks, it is more debatable, but still not perfectly clear. Such is the case with many young crypto tokens. CYCLES: The shorter-term cycle (red) has topped while the longer-term cycle (blue) is in the topping window now. So, we are at or close to a major top in this digital token. Could that mean that the general crypto market is about to enter another bear phase, or is it that another exchange is about to steal clients away or reduce customer growth at this exchange? We shall see which one it is. VOLUME FORCE: The Klinger Volume Force Oscillator says volume on the last leg up and the final few waves were very weak volume wise. So the last leg up was likely just a fluffy ABC upward correction without a lot of new buying. Apparently there were fews profit takers so it simply floated higher, not because up volume was increasing. Traditional analysis says lower prices are coming, at least to the 0.00016-0.0001550 area. A bounce from there is likely, but how big that bounce it will be, and the wave structure and volume, will be the key for a future projection up or down from there. Don't count on much, unless dramatically more up volume develops to take ZRX to one more high. NOTE: There was decent momentum on the last up move. But, without volume to confirm a move, do not count on much more follow through. ANGULAR MOMENTUM: Look at the dashed green and dashed red trend-lines on the chart on the right. They show changes in what I call "Angular Momentum," that I got from quantum physics. Note that typically at market lows, the lower red trend-lines will change slopes to show a slowing of the downward angular momentum. Conversely, at as the market moves up, the dashed green trend-line shows that angular momentum off the swing highs will tend to increase on the way up, until typically the last one or two swing highs, where we will usually see the slope angle drop off sharply. However, rtis did not occur at the recent high, leaving the possibility of one more high. The same thing happened with the January high in the SP500, leaving the possibility of one more high there as well, but not the certainty of one. DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Michael Mansfield CIO
by UnknownUnicorn1613901
Ox how high?Coin of the day is Ox Just to remind you, 0x(ZRX) is an open protocol designed to offer a decentralized exchange as part of the Ethereum blockchain (ERC20 standard). 0x is made using a protocol that involves Ethereum smart contacts that allow those around the world to run a decentralized exchange. 0x, at its core, is an open source decentralized exchange protocol, so any use case that involves the trading of different assets can eventually be built using 0x. Technicals The reason for frequent updates on Ox coin is that it is one of the few coins that has already recovered from the global drawdown and now testing the all-time highs. Crucial level for ZRXBTC is 0.0002, which is already higher than the 27.01.2018 peak. Today’s volume distributed above the 0.0002 level, which is a sign of a possible further rally. There is no point to buy the coin near such high levels if you don’t expect it to go higher. Bullish Trend Line and 0.00018 level have to hold firm for the bullish scenario. The first target in case of the breakthrough should be 0.00022 to confirm the breakthrough, or 0.00025 as a 100% profit point for the traders who bought at the 0.00005 bottom.
Long
by DestinationMoonCrypto
2
ZRS does not afraid of BatchOverflow and goes UPCoin of the day is Ox. 0x is an open protocol that is designed to offer a decentralized exchange as part of the Ethereum blockchain. 0x is made using a protocol that involves Ethereum smart contacts that allow those around the world to run a decentralized exchange. 0x, at its core, is an open source decentralized exchange protocol, so any use case that involves the trading of different assets can eventually be built using 0x. The idea of decentralized exchanges is becoming more popular in modern times when ordinary exchanges do not withstand the loads from the influx of customers. In March 2017, the protocol closed a huge round of financing, which was headed by Polychain Capital. Latest news April 25 - BatchOverflow attack on ERC20 tokens. ZRX tokens are not vulnerable to this issue. So, the news did not harm ZRX tokens by any means. (Affected tokens, according to media reports: MESH, UGToken, SMT, SMART, MTC, FirstCoin, GG Token, CNY Token, and CNYTokenPlus.) Technicals ZRXBTC had a rebound and went on an upward trend on the 18.03.2018. Since then the price overcame all Bearish Trend Lines, broke above 100-days and 50-days EMA. At the moment ZRX trades in the 23.6% Fibonacci zone of the global uptrend, which is the last zone before the new highs. Daily volume peak distributes above the 0.00016 level, adds confidence in the further development of the uptrend. Minor resistance is 0.00017 level, breakthrough of which will lead the price to the highest point of the price 0.00019 and possibly psychologically significant 0.0002. Bullish Trend Line and 0.00015 - 0.00016 zone should serve as a support for the uptrend scenario.
Long
by DestinationMoonCrypto
ZRX going for continuation up...?ZRX could keep up its recent rally. We saw some corrections in Altcoin the last day. Depending on what Altcoin will do in correlation to BTC remains to be seen. Nevertheless, there are positive signals enough to look for a position. All the boxes on the chart are possible entry points. With the obvious one at the bottom of the channel highlighted. This is looking at a 4hr timeframe. The daily is showing room for further growth. Apart from the phoenix that tells us a deeper correction is possible. Looking at the chart now that can be a classical ABC correction forming up end at the bottom of the channel or a second trendline that is on the chart. That trendline is currently not shown. At the moment we are facing 20MA resistance. Goodluck
by CryptoDonkie
Ox continues to growCoin of the day is Ox. Ox (ZRX) is one of the hottest digital assets on the market right now. It bounced off 0.00005 low ten days ago, breaking the three-month downtrend. Many traders connect turnaround in the downtrend with the news that Coinbase is adding custody of ERC-20 tokens which could lead to listing the asset on GDAX or even on Coinbase. ZRX connection to Olaf Carlson-Wee, who now leads the PolyChain Capital which has a big investment in Ox also plays a positive role. ZRXBTC already broke above the 0.000065 level, turning it into support. The next target is 100-days EMA, which coincides with the 0.000085 resistance level. The price already tested resistance but returned forming a Triangle Pattern. From the below: 0.000065, 0.0000725 and 0.0000750 will play a supportive role. The triangle formation will run out soon, and the price will test resistance level again. Breakthrough of 100-days EMA will lead the price upwards to the 0.0001 psychological resistance.
Long
by DestinationMoonCrypto
Ox found a bottom and is going up rapidlyCoin of the day is Ox. As it says in the whitepaper: “Ox is an open protocol for decentralized exchange on the Ethereum blockchain.” The 0x team are working on a protocol using Ethereum smart contracts, that will help anyone in the world to operate a decentralized exchange. Briefly, Ox is a technology developed to provide an improved exchange of Etherum tokens. The team believes that there will be thousands of Ethereum tokens in the future and there will be a need to trustlessly and efficiently exchange them. This token could play an important role in the future of the crypto technologies and Ethereum infrastructure. In March 2017, the protocol closed a huge round of financing, which was headed by Polychain Capital. After peaking at the beginning of 2018, ZRXBTC was lowering due to the recession across the cryptocurrency markets and especially because of decline in the ETH price. Recently the coin started to draw a reversal pattern on the 0.00005 level. The growth potential is big, as only three months ago the price was at the 0.0002 high. If the price will be able to hold above the 0.000065 level and the Bullish Trend Line that would be a bullish sign. The next target, in this case, will be the 0.000086 level, which is close to the 100-days EMA.
Long
by DestinationMoonCrypto