Zrx
ZRX | Bullish Pennant formation..!!#ZRX (update)
Bullish Pennant Formation in Daily Timeframe.
Volume is Continuously Decreasing, Bulls Need Volume for Upside Breakout.
In Case of Upside Breakout, Expecting Another +60-70% Bullish Wave📈
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🆓0x/USDT Analysis (15/3) #ZRX $ZRXThe 1.3$ zone is a good support zone with MA50 line, and if it can hold this zone, it will move up to the 2.2$ zone.
The 2.2$ zone is a very risky zone, there will be a strong selling pressure and we must pay attention to that zone
📅EVENTS
No News
📈BUY
-Buy: 1.27-1.33$. SL if B
📉SELL
-Sell: 2.1-2.2$. SL if A
-Sell: 2.95-3.05$. SL if A
♻️BACK-UP
-Sell: 1.27-1.33$ if B. SL if A
-Buy: 0.78-0.82$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
ZRX - Bullish Setup: Golden CrossZRX/BTC is set up for some bullish action, as the 50 Day Moving Average has now Crossed up and over the 100 Day Moving Average, on the 1D chart. This represents the Golden Cross, the MA50 (shorter term) movement climbing above the longer term price, can mean a turn around is coming.
The other charts are showing similar patterns, some with cup and handles (NU/BTC)
Lets multiply our BTC!!
ZRX USDT pair breakout from 4h inverse head and shoulders. ZRX broke out of an inverse head and shoulders formation and the neckline support did not hold on the retest however the pair is offering a good reward for risk and is keeping stronger than some other alt coins which suggests the market's interest in buying this currently. Target is the upper boundary of the range. We had also formed a bullish divergence on RSI signalling the bears were losing power as technicals were not agreeing to the new lower lows the price was making.
ZRX USDT pair breakout from 4h inverse head and shoulders.ZRX broke out of an inverse head and shoulders formation and the neckline support did not hold on the retest however the pair is offering a good reward for risk and is keeping stronger than some other alt coins which suggests the market's interest in buying this currently. Target is the upper boundary of the range. We had also formed a bullish divergence on RSI signalling the bears were losing power as technicals were not agreeing to the new lower lows the price was making.
ZRX/USD (0x) Potential 70+% Gain back to ATHZRX reached its ATH 5/02/21, since then it has been on a gradual but slow retracement down to 200sma although the general market outlook is still in a bullish trend. 23/02/21 ZRX failed to test the 200 sma, re attempted on 26/02/21 and now we see a small sharp bounce. Notice before entering we may see another retest of the 200 sma at 100% Fib retracement level from ATH levels of 5/02/21 before we can see the cryptocurrency attempt to the push phase back to the upside. Potential 70+% gain back to 2.17USD. If the ATH is broken we can expect to test new highs at 2.43USD. Notice the potential of a double bottom before the big push back to ATHs.
BITCOIN : Price Action on Daily TMF , Price is FALLING ! 🔔//UPDATE//
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ZRX Prediction - Short/Medium/Long TermChart and Fib Extensions/Retracements are in Log Scale. Prices and Targets are moved to the right for clarity to not clutter the chart. (Not Scaled to Time)
Short term
In the purple count, we can confirm it was a wave 1-2 because the 1.618 hits the top of wave 3 at around $2
Looking for a pullback into the 0.382 level at around $1.40 range
Possible stop loss at around $1.35 and look to enter at $1.17 or $1.00. If it goes below $1, the count is invalidated.
Short Term target is $3.50 range.
Medium Term :
Taking the Yellow 1-2 count, and using log scale with fib extension, we get a target of $10 at the 1.618 level medium term.
After a correction from the purple wave, the 0.382 is a typical retracement at $2.30 range. Then heading into $10 target.
Longer Term:
Yellow wave retraces back to around $6.50 range before heading higher to possibly $16-$18 target
Things to keep in mind:
- Many other factors could affect the chart and change the count.
- Bonds, Yields, Inflation, Stimulus, etc.
- BTC price action may extend or lower ZRX's price.
- Chart is not scaled to time, can happen much sooner or much more later.
This is not financial advice. For entertainment/educational purposes only. Please only invest what you can afford to lose and set stop losses below support so you do not get stopped out during a volatile session.
ZRX support confirmed, breakout incomingBuilding on my last prediction, expect a $2 break in coming days with some resistance at ATH...followed by price exploration.
Volume and consolidation will provide strong support at $1.5 for any pullback.
I'm already in the money <$1.5, so will be holding and riding the wave(s).