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Zrx

ZRX/BTC - 1D - Outlook To The Next 7 Days0x (ZRXBTC) is reacting positive to the addition of 0x (ZRX) to Coinbase Pro today. After we broke a strong resistance at 0.00012000 BTC right after the news, we have a few targets to look out for. Information about 0x (ZRX) Coinmarketcap: coinmarketcap.com Top Volume Exchange: www.binance.com Social Media Statistics: www.coingecko.com Coinbase Pro Announcement: blog.coinbase.com Return Of Investment past 7 days: 32% Return Of Investment past 30 days: 44,6% Return Of Investment past 60 days: -5,3% Just buy and hold! Very strong fundamentals will lead to a price growth, either short- mid or long-term. Leave a thumbs up if you like my idea and let me know what think! This will keep me motivated :-) Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only.
Long
by Anton_XBT
ZRX Finally Listed on Coinbase!!! Potential 77% Move IncomingBINANCE:ZRXBTC was finally officially listed on Coinbase today after rumors had been circling for months. Don't worry if you didn't get a chance to grab a bag before the big move today. There will be lots of opportunities to get long between now and a new all-time-high. I would be looking for a pullback somewhere around 12300-12700 which would be a nice safe place to hop in. Target is near the ATH at the top of the supply zone, but there will be plenty of opportunities to take some profit along the way.
Long
by Crypto_Terminal_Steve
5
There is a possibility for the beginning of an uptrend in ZRXBTCTechnical analysis: . 0X/BITCOIN is in a range bound and the resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00010210 to 0.00008920). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00010210) Ending of entry zone (0.00008920) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00012060 TP2= @ 0.00013320 TP3= @ 0.00014570 TP4= @ 0.00016360 TP5= @ 0.00018600 TP6= @ 0.00020600 TP7= Free
Long
by ForecastCity
1
There is a possibility for the beginning of an uptrend in ZRXBTCTechnical analysis: . 0X/BITCOIN is in a range bound and the resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00010210 to 0.00008920). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00010210) Ending of entry zone (0.00008920) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00012060 TP2= @ 0.00013320 TP3= @ 0.00014570 TP4= @ 0.00016360 TP5= @ 0.00018600 TP6= @ 0.00020600 TP7= Free
Long
by ForecastCity
2
ZRXBTC strengthening but do your account a favor and don't blindly buy the pump - look for risk limited areas of entry even if you're a strong believer that a Coinbase listing will grant you profits. To be honest, exchange listings are too 2017 with respect to their real effects on price levels - don't get me wrong, liquidity is important. However, consider that the entire cryptocurrency market is currently significantly less liquid than last year - the wave of adopters last year has yet to be superseded by a new wave. A wave that may be difficult to predict without seeing the immediate effect on price. For ZRXBTC, strong underlying fundamentals do make this token a nice one to dollar cost average into for a long thesis. However, don't purchase blindly and at least take into account the technical levels being established. I posted a chart on ZRXBTC not that long ago and, so far, it's playing out as expected after having established a strong demand zone in the 8000s Sats. I still like the potential setup for a test of ATHs around 20k Sats, which could be a wick with a Coinbase listing. Nevertheless, don't trade or invest for exchange listings - do it for your strategy.
by JustChartThings
ZRX USDT (analyzed with Richimoku & Kumo Waves)ZRX USD (analyzed with Richimoku & Kumo Waves) Richimoku & Kumo Waves on Cardano / ZRX Are you an investor on the buy-side or a trader on the sell-side? Use the brand new Richimoku Trading System to learn about trends earlier and discover trading signals and alternative data that can be transformed into sharper insights, better opportunities, and more profitable decisions. *Richimoku ( Advanced -2.20% Ichimoku Kinko Hyo with 4 Clouds! ) *Kumo Waves (Indentify divergences, trends, investor sentiment. Know First. Act Faster. A must-have for every trader!) *As some indicators you may come across are using the repainting mode (which consists in correcting the false signal back in time). You'll never see such thing in the Richimoku Trading System. What's on the charts is displayed in real time, no cheating... Send me a Message and Feel Free to test the Richimoku Trading System! I'll send you an invite. Study the chart history on all timeframes. Study all details incl. divergences etc. You'll love it :) FAQ. How to access the Richimoku Trading System in tradingview? To access your indicator simply click on “Indicators” at the top of your Chart, and click on “Invite-Only Scripts”. Click on the indicator to activate it. That’s it! Will the Richimoku Indicator Trading System work for Stock and Index trading? Sure! It works on all Forex, Stocks, Indexes, Metals and Crypto's! Does this indicator work with a free TradingView Account? Yes you can use the Richimoku Indicator Trading System with a free TradingView account. Does the indiators work on all timeframes? Yes, the indicators can be used on all time frames!
by Ichimoku_Bonanza
1
ZRX / BTC analytics0x is a decentralized protocol whose goal is to modernize and simplify the trade of ERC20 tokens through the use of transactions that take place outside the blockchain (off-chain) under ETH smart contracts. ZRX rate follows the market, an upward trend has formed. The 0x quotes correlate with the ETH, but on October 7, the rate broke off and went higher, and now the price will be adjusted to the lower level of the channel most likely. The current minimum was formed at the level of 0.00007369. The resistance at 0.001180 has broken through, but did not lock in higher, which may lead to consolidation of the rate at this level. In addition, it is a comfortable zone for asset purchases - 0.000101 - 0.000105. Volatility is 3-4% during the day. But the periodic appearance of large buy orders may cause of the long candles appear and volatility increases. The growth potential 0x is difficult to calculate due to the fact that the rate of the token depends on the development of ETH, being its extension indeed.
by ZOGRAS
Huge volume spike on zrx takes priceaction over neckline of ih&sI assume the hype about zrx soon coming to coinbase is the big culprit for why zrx has seen such a massive spike in bull volume that has brought it well above the neckline of its inverted head and shoulder pattern. However to trigger the breakout I think we will need the current 1 day candle to also close above the neckline...if so you can likely expect the price action to reach the green target posted here on the 1 day chart. A fakeout is still a potential possibility so tread carefully.
Long
by DrDovetail
$ZRX Price Analysis: Coinbase EditionFor those that were fortunate enough to read the exclusive news release attesting to the fact that Coinbase has officially added $ZRX into its API, you’ll probably be anticipating a price analysis on what’s going on. "Is it going to pump from here?" "Are the gains already priced in for $ZRX at this point?" "What is the maximum R/R for this trade if I enter into a long position from where I am currently?" These are all great questions that will be answered in this idea, so sit tight. $ZRX Price Analysis We’re going to start with the daily chart resolution here: As one can see on the chart above, there was a precipitous backslide in the price that started around July 16th, 2018, before eventually being broken toward the end of September (23rd of the month to be precise). The price has been on a mini-uptrend ever since, nothing major. In fact, this most recent bounce is what allowed us to draw the uptrend line that you can currently see on the chart above. Now, since the price data is so ‘fresh’, we’ll go ahead and move in to a smaller time frame, in order to get a better idea of impending price action. Before We Move On, Keep This in Mind We are currently looking at the $ZRX / BTC price pairing. Now, since the price of Bitcoin has been relatively stable over the last month or so, we can look at the Bitcoin and USD charts in an interchangeable fashion on the markets for the most part (**Fun fact: The price of Bitcoin 30 days ago was $6,528 at open, which is less than $60 away from where it is trading currently at the time of writing). However, traders should be aware that the price of Bitcoin could change drastically at some point in the near future. Therefore, traders would be wise to consider strategies that will account for the potential increased volatility of Bitcoin in the near/distant future if they are only looking at the Bitcoin-paired charts like we are today. H4 Time Frame Now, if you’re looking at the chart above and getting a bit confused by the diagonal and horizontal lines, don’t worry. We’re going to simplify this for you. Let’s just look at the horizontal lines for now: In the picture above, the blue boxes represent the points of resistance/support that were visually identified on the chart (we just look at points where the price appears to have consistently failed to break above/below a certain price and draw a horizontal line there to mark these areas). Currently (no surprise), the price of $ZRX is struggling to get above heavy resistance at the 11k sat zone. This has resulted in a slight draw down of the price. Now, on the above chart, the Heikin Ashi bar design is used (to ensure easier viewing of price movement), but in order to get a better idea of price movement, we’re going to switch over to the ‘normal candle’ view. "Why did we just do this?" We did this because the above picture now shows us that the price is back on its way down. What does this mean? Great question. For now, it means that we should/can anticipate a potential re-testing of the resistance point that $ZRX had broken in order to reach the highest overhead resistance that at 11k sats that it failed to break. Re-testing of the Supports/Resistances This is a phenomenon that happens very frequently in trading. You’ll see a price break through a resistance and then the price will stagnate on its run up and then eventually return to that resistance to test it as a point of support. Conversely, a price may break below a support point, and after a period of heavy selling, will gravitate back toward that support point to test it as a resistance before continuing further. Above we can see the most likely price action for $ZRX on the H4 if it is to adhere to this principle. We’re switching back to the Heikin Ashi now Next Point of Resistance Okay, so let’s assume there is a re-test of that lower support point (10k sats), and then the price is able to successfully bounce from there and continue upward to the 11k sat point that its struggling to break now… Where would be the next point of resistance? The chart above is telling us 12.6k sats (based on analyzing the chart data itself; not via indicators). Thus, the following stream of graphs that you see below could represent the impending price movement. 1. The price could decline up to 8.22% as it re-tests the former resistance point as a support. 2. This could then be followed by a +14.41% increase. From there, there may be another 6.51% nod, totaling a 21.29% bounce (assuming that the price does touch all the way down to that lower support). RSI(14) for $ZRX The RSI(14) on the H4 for $ZRX corroborates our assumptions as well. While the RSI(14) is a relatively sensitive instrument (more so than people realize or account for), it still can give us fairly accurate readings when it comes to analyzing future price movement. In the chart above, the downward point of the RSI(14) is not necessarily factored into our considerations (just yet), because the period is not currently over; thus, the price information could change and render an entirely different reading in a couple of hours. However, what we can confirm is the fact that the RSI(14) is reading that the crypto is grossly overbought at this point. And all of that momentum did not come solely from the Coinbase news. $0X was already outperforming several coins in the market before the advent of said news. RSI BoP Indicator for $ZRX (Custom Indicator) This indicator (which is custom) is showing that the buy pressure on $ZRX has reached an extreme over the last few periods, which amount to 32 hours when you do the math (8 periods of the indicator tracking ‘extreme’; denoted by the red coloration of the line). It now appears that the incidence of selling has finally picked up. Brief Look at the 10 Min Chart Now, take the readings here with a grain of salt, because, by the time you’re reading this portion of the article it is more than likely that the price of $ZRX may be wholly different from that point or reflect alternative information… But it appears from can be seen now that the 11k region specifically is holding itself as a solid point of support. Now, of course, exuberance could hit investors once the news of the likely Coinbase addition becomes really widespread, which would result in that 6% increase first before a drawdown back to 11k and perhaps even further to the lower 10k sat range. Conclusion On a fundamental level, a potential Coinbase addition is huge (if this is something that does happen). And, regardless of whether it does or not, the more important thing to analyze here in terms of market movement is whether or not the market believes that it is going to happen. If the market does believe that it is going to happen, then it is as good as done. However, if the market does not believe that it is going to happen, then the price action for $ZRX will more than likely bottom out sooner or later and continue downward precipitously. But we do not anticipate this to be the case. Coinbase noted before that they were strongly considering adding ERC20 token support to their platform and signaled as much with the addition of $ETC (Ethereum Classic) before moving on to post that they will be advocating the support of other ERC20 tokens as well. We have no R/R on this trade, because we feel that it would be best if traders waited until the downturn of this move finishes out before moving back upward. However, we do feel that 12.5k sats is a safe bet for the price in the near term.
by librehash