Get started

Zrxusdt

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.
Long
by UmitAbdulkasim
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.
Long
by UmitAbdulkasim
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.
BITFINEX:ZRXUSDLong
by BucketStocks
2
The reason we closed ZRX and few other Altcoin positionsDisclaimer I have to warn you that we highly recommend not taking a new long trade on ZRX. Before you place a new order, make sure your trading decision is in line with your strategy and risk management. The order described in this post was placed over a month ago and is already closed with profit. Reason to Buy Late December and early January were a really hot time for the cryptocurrency market. Many retail traders were afraid of missing the opportunity to make money on the bullish movement and were ready to buy at any price. That led to high BTC dominance rates, around 74%. The market price of ZRX was 0.0000118, which is the lowest price point it has ever been at. After we bought ZRX, the entry-level was tested one more time. It gave us a little more confidence that we will not go below the level where we opened our long positions. As practice shows, sometimes especially strong growth of Altcoins coincides with BTC consolidation. This time, the most significant growth of ZRX came on 4-5 February. That was just after BTC spent more than a week in consolidation and then strongly fixed above the $33k level. The connection between Altcoin's growth and the patterns on the BTC chart is not always obvious. That's why your trading decisions regarding low-cap Altcoins should take into account more fundamental parameters. Reason to Sell As for our long ZRX position, it was closed in the middle of February. This decision was made because of four factors 1) We saw that the price could not reach the very strong resistance level at 0.000062 2) We saw the next day's candle close 36% lower than the previous day's high. In total, our total profit from this trade was just over 216%. 3) The price failed to fix above the level of 0.0000417 on the chart, which we defined as a local resistance level. 4) Strong BTC corrections of 10-20% could have happened at any time, this is an ordinary correction for BTC. In that case, ZRX could exceed this correction many times over. We understand that the position could bring more profits since it was not closed at the top of this movement, but we are quite happy with the result because it was purely a speculative idea. At the moment we think that opening a new long position in ZRX is unreasonably risky.
by pennygene