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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***
BITFINEX:ZRXUSDLong
by BlackSwan_DAR
ZRXUSD. Trend Analysis The trend is bearish. The target for the triangle on the chart. Also this is the place of the volume profile, so from there you can try to go to long for a small part of the Deposit. We also slide in the channel of the downtrend. Its breakout can be used to identify early trend change to bullish. We also have an important variable. This is a bullish divergence of the higher order and strong oversold. So be careful with short positions. Also on trading strategy on the channel. You can enter the long against the trend when you reach the lower limit. This is a strong dynamic support
BITFINEX:ZRXUSD
by Jordan_Mitchell
Playing field for ZRX: where oh where will price go?!Just to give you a framework in which you can further analyse ZRX price movements . I drew the Fibonnacci retracements, and illustratively, you can see that I highlight both a high and low testing in the same candle stick. Moreover, the Pitchfork analysis gives you additional support and resistance level between which the price is moving. Just before posting this, there was a bullish cross in the MACD 2h chart, coinciding with the "low testing" highlighted in the graph at 8am on 16/01/2018. This is generally very bullish short term and you can see the price move up. So I was just a little late on calling it! :) But nevertheless, here you have the rationale behind it and maybe you can buy it next time when it happens or just before. Furthermore, we see the 4h chart moving in on a bullish cross in the MACD, supported by the CCI. I have to say that for the moment I am neutral to perhaps slightly bullish, but you can see that the price is still in the negative trend channel for the moment and we might want to sit this one out while the market is doing its swing dance :-) Just a bedtime story in technical analysis ;-) cheers PS: something similar happening with SolarCoin, have a look there as well!
by A_Cryptastic_Mind
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