ZRX/USDT (Consolidation at Key Level Support)💎Technical Analysis Summary💎
BINANCE: ZRXUSDT
-After the strong rejection at the 0.96$ resistance area
-The price fell back to its key support area
-This is an important key level since April 2019
-Is this a good buying opportunity?
-Answer is No, why? because it is coming from a strong rejection
-And this short consolidation range might be a Bear flag
-So avoid the bearish potential, you need to wait until
-The local resistance is broken upward around 0.42s area
-That will invalidate the potential falg
-But if you are looking to short the market
-Simply wait for the support breakdown
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Zrxusdt
0x (ZRX) - October 18Hello?
Dear traders, nice to meet you.
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Thank you for always supporting me.
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You need to make sure you can get the support at the 0.37634352 point.
We have to see if we can climb above the 0.46088684 point around October 26th.
We also have to see if we get support at the 0.32735668 point.
Below the 0.32735668 point is the bottom section, and I think it is a mid- to long-term investment area.
If it falls below the 0.32735668 point, I think trading is necessary to preserve the profit and loss.
Above all, it is important whether you can climb along the uptrend line (1).
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You should trade from a short-term investment perspective.
Zrx/btc nice move at last defense supportI post a chart since few days
About the support
3000-3300 as a buy area
Zrx dumped to that area i mentioned before as expected and bounced up from that level
This was my previous idea link you can see here
I would say we can see big move in future as long as it above support area 3000-3300
The resisances (take profit area also shown in chart)
Buying the Bottom of 0x (ZRX)0x - Short term - We look to Buy
Offers ample risk/reward to buy at the market.
A higher correction is expected.
We look to buy dips.
We are trading at oversold extremes.
Price action looks to be forming a bottom.
RSI looks to be forming a bottom.
Resistance: 0.3500 / 0.3650 / 0.3800
Support: 0.3400 / 0.3360 / 0.3300
Signal Centre
ZRX - Entering the Buy Zone? 150% Potential?ZRX is an open protocol that enables exchange on the Ethereum network. It was pretty hyped in August as the ETH network charges started to increase, and ZRX was a cheaper alternative.
Seems to have been trading on a series of bull flags . Bull flag is a continuation pattern characterized by a sudden rise in price followed by a slow decline or sideways movement.
Currently, we are testing the water dipping into the last big historical resistance band. We saw a drop into it this morning with a decent spring back above it.
We've moved below EMA 100 and EMA 200 . We've been above this for a month now with the last dip to EMA 100 during the big Sept drop, leading to a quick rebound.
Stoch is bottoming out, could see beginning of a reversal forming soon.
MACD shows a shrinking downward trend.
BUYING IN?
Keep an eye on it! but not buying in right now. Big potential for gains after we leave the downard channel and running into resistance and EMA levels here in promising. Will need to see how the market plays out to see whether this is the buy time or not. If this resistance breaks we could see bigger declines, so don't buy in too big too early and get bit.
When we leave the downward channel, it's game on. Potential for 150% profit long term. I've put some TP's below based loosely on previous resistances, use at your discretion ;)
TP's : 0.52, 0.65, 0.95
SL : 15-20% Max
Aim for the moon, if we miss we land among the stars. Or asphyxiate.
I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
Feedback, criticism and crude humor are welcome :)
ZRXUSDT AnalysisI am neutral on ZRX at the moment while EngineeringRobo remains Bearish.
If you are currently holding ZRX at the moment, You should consider holding to sell at the resistance level (0.73) or with EngineeringRobo sell signals
If you are planning to buy, wait for EngineeringRobo buy signals or buy at the support level (0.37) or at uptrend support line.
No matter which level you are buying, watch EngineeringRobo signals carefully. If you are wanting to use EngineeringRobo, DM me!
ZRX/BTCZRX/ BTC near support line of uptrend channel also we can see a horizontal support zone
0x (ZRX) is an open-source protocol that provides smart contract infrastructure and liquidity to enable the peer-to-peer exchange of tokens on the Ethereum blockchain. ZRX is the token that allows 0x users to vote on Improvement Proposals that evolve the system over time. ZRX token holders can also delegate ZRX to market maker staking pools to earn protocol liquidity rewards (in ETH).
ZRX : Token, Platform, Decentralized exchange, DeFi, Substrate, Polkadot
Best regards EXCAVO
ZRX/USDTZRX/USDT performed a price reversal exactly at point 0.78 of the Fibonacci retracement.
RSI, SMIIG, WT CROSS are possible in the daily period. Now, the price coming back above the EMA 20 while maintaining support for the EMA 100 will indicate an excellent profit possibility.
This is just my idea, always do your own research.
ZRXUSD RSI/EMA buy oppsThis is simple buy startegy for bullmarket (1D,USD chart).
Buy opportunities are based off RSI and EMA200 close only.
1. When a shitcoin crosses over EMA200 properly (with good volume etc.), this is the time you start using this strategy!
2. This asset now needs to stay above EMA200.
3. Put a horizontal line at 50 RSI, when RSI is around that level, u start u looking for buys. When RSI hits 50 or lower, its a good buy opp. Risky buy opps are around 60-51 RSI.
4. EMA200 hits are your other buy opp if the price drops back that far.
5. No sell targets.
Sometimes the price may dip below EMA for a few days, so do not panic if it does! U should start to worry only if the price is over than a week under this magic line, or the price tests it as resistance on a daily when under.
After the accumulation range is broken u usually don't get EMA touches anymore, but when u look at RSI u can still get a few good entries before moon and lambos.
buy boxes:
green: good buy (50 or lower RSI, maybe touching EMA)
yellow: risky buy (60 to 51 RSI, far from EMA)
blue box: accumulation
ZRXUSD: Long is possibleAt D1, the cloud is directing upward, indicating an uptrend.
And the price found support at the Fibonacci level of 61.8%-50%.
At H4, the cloud is directing downward, indicating a price correction at the D1 timeframe.
In addition, the RSI reached the oversold level, after which the price broke the local downtrend line of the falling wedge model.
We recommend buying ZRXUSD now with a stop loss at 0.58 and take the profit near the level of $1 - $1,1.
ZRX/BTC (Pullback to Previous Resistance?)ZRX/BTC
-The Bear flag has been confirmed after the break of local support at 6000 sat
-The potential downside target is somewhere around 5064-4696 sat range
-This is a good rebuy zone or potential strong support area
-It is a previous resistance region plus the 0.618 golden Fib
-Watch this level carefully for any Bullish rejections
-Look for any signs of reversals before entering a Buy position