Get started

ZRXUSD

EW Analysis: Crypto Is Selling-Off; Btc At 6-7K Sup. ZoneHello traders! Today we will talk about cryptocurrencies and their current decline. Let's start with Bitcoin against the ALTs dominance. BTC was losing its dominance against the ALTs since the beginning of September that can be clearly seen in the BTC.D/OTHER.S chart, but as you can see a decline was corrective only in three waves a-b-c, ideally in wave 4, which means that BTC Dominance could be back in the game for wave 5 soon, especially if we consider that strong a=c and base channel resistance line support area. Due to a lost of BTC dominance, BTCUSD just hit new lows again compared to some other ALTs like NEOUSD and ZRXUSD, which were stronger in the last couple of weeks. However, we still see a corrective W-X-Y structure from the highs on Bitcoin and it's still trading around important 61,8% Fibonacci area, so we would not be surprised if we will see a bounce soon, maybe already here around 7000-6000 support area, especially if we take a look on NEO and ZRX. In the Crypto market we always have to respect correlations. And what we see is that both, NEO and ZRX can be unfolding pretty clear bullish setup here with a strong five-wave rally away from the lows followed by a three-wave a-b-c corrective pullback that can stop right here around important 61,8% Fibonacci support area and channel support line. Well, what we want to point out is despite that current sell-off in the Crypto market, we still see limited downside with a strong support levels and potential bullish reversals. Also, if we are right and BTC dominance comes back, then BTC could be the strongest cryptocurrency again, which means that ALTs against the BTC pairs (XXX/BTC) may continue even lower. This is just how we currently see the Crypto market; Crypto market can see a bounce and a recovery sagain, but only against the USD, while XXX/BTC will stay mostly bearish or sideways. If you like what we do, please like and share. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BINANCE:NEOUSDEducation
by ew-forecast
1
Big Breakout Incoming For ZRX?Hello! Thanks for checking out my idea. Keep in mind for these to occur we need to hold the bottom of the Heads support lines on both the small and large Inverse H&S . We should also see big spikes in volume from the breakout of the neckline. You have to watch for that. It's a key element for it to work. I feel like it's possible this all happens within a relatively short time frame in comparison to each other. So something like the ghost bars show. I believe that because the small inverse H&S should thrust the price onto the large Inverse H&S's neckline. We may see a few days worth of consolidation before the bigger breakout, but I'd personally feel better about the breakout if we kept that momentum. Another thing to note, if you zoom out on a lot of the bigger alt coins many of them have a similar Inverse H&S pattern. Some are not as perfect but they're there. I even made an analysis for XRP's Inverse H&S . Coincidence? I think not. I feel like a big breakout is brewing for the market. I'll update this idea with a list of the coins that have a similar pattern when I can. Keep in mind this analysis could be wrong. Maybe there is something I'm missing. Take the idea with a grain of salt and make your own judgements. Keep your money safe and set a stop-loss!
COINBASE:ZRXUSDLong
by Dtradess
ZRXUSDT BullishZRX/USDT is in a strong Uptrend and still pushes the price up. In the chart we can see the lower trend line, which ZRX often respected and always bounced UP. I marked the impulse motion of the ZRX with five waves, and we should actually go to complete the fifth wave. ZRX is still in the tracking phase for us because I want to wait for confirmation of increasing movement. If he breaks the Key zone and keeps this value, it will be a bullish signal for me and I immediately enter the trade. We will buy it in the Re-buy zone worth 0.3$ to 0.29$. Take Profit Zone at 0.38$ to 0.39$. If ZRX breaks the bottom trend, we set the Stop Loss to 0.28$.
Long
by Tradify_Labs
0x ZRXHello, Traders! Monfex is at your service and today we overview ZRX/USD . Classic Elliott Waves 12345 still active but will be safer for us to buy by breakout this resistance zone. Now we see a bullish flag formation while the entire cryptocurrency market has grown significantly. The resistance zone ~ $ 0.34 - 0.345 The support zone ~ $ 0.282 - 0.273 Supposed Trade Signal by ZRX/USD Buy by breakout $ 0.3456 Take profit ~ $ 0.383 Stop loss at $ 0.313 Market Cap $184 989 511 USD Volume (24h) $29 370 557 USD Circulating Supply 601 262 273 ZRX Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
COINBASE:ZRXUSDLong
by Monfex_UK
ZRX: Bulls are leading!Hello, Traders! Monfex is at your service and today we overview ZRX/USD . ZRX shows us a good ascending movement and now we see the ascending triangle with the strong support lines of triangle, MA50, MA100. Stoch RSI enter the oversold zone. Classic Elliott Waves 12345 we can see on 6H chart below: Two supposed trade signal below: First Trade Signal by ZRX/USD Buy by breakout near $ 0.3456 Take profit ~ $ 0.383 Stop loss at $ 0.313 OR Second Trade Signal by ZRX/USD Buy near the support lines ~ $ 0.318 Take profit ~ $ 0.383 Stop loss by breakout the level of $ 0.30 Market Cap $196 349 375 USD Volume (24h) $41 904 141 USD Circulating Supply 601 198 566 ZRX Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed signals ! GOOD LUCK AND LOTS OF PROFITS !! Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
COINBASE:ZRXUSDLong
by Monfex_UK