ZRXBTC formed bullish BAT | A good buying opportunityPriceline of Ox / Bitcoin cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00002479 to 0.00002452
Sell between: 0.00002541 to 0.00002636
Regards,
Atif Akbar (moon333)
Zrxbrc
ZRXUSD: long call on 2h chartHello guys,
ZRXUSD appears to me very interesting at current price becaus the trade has a favorable risk/reward factor.
ZRX started, about 3 days ago, a short term bullish trend with first target to 1.2 USD and 0.00018 against BTC.
For about one day ZRX remained around the resistance area we can find between 1.02 USD and 1.05 USD (S1) but now it found the strength to force the resistance with an increase of volume: so, it might be worth to buy it now at 1.08 USD (R1), setting the stop loss to 1.01 USD with first target to 1.2 USD (R2) and maybe 1.3 USD (R3) as second step.
Indicators are set for a further run.
To sum up:
Buy ZRXUSD at 1.08 USD R1----> R2 1.20 USD----> R3 1.30 USD STOP LOSS 1.01 USD
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
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.