Trade signal | 0x Protocol (ZRX) completed a setup for next pumpHi dear friends, hope you are well and welcome to the new trade setup of 0x Protocol (ZRX) token with US Dollar pair.
Previously we caught almost 155% massive pump of ZRX as below:
Now on a 4-hr time frame, ZRX has formed a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Zrxusdt
ZRX#ZRX
After intensive pump and rejection from 0.6273$ level the coin came back to its support level at 0.3425$, which was standing as a resistance before
Currently we can see long consolidation between 0.3425$ and 0.4130$, after breaking above 0.4130$ I expect to see the coin back at around 0.6273$ which should be broke for uptrend continuation.
Once it happens - expect that the coin will quickly reach 0.8784$ - 1.0829$ price levels - which in my opinion will be not easy to break from the 1st try
Bullish trend invalidates if ZRX will loose its support at 0.3425$
ZRX/USDT Analyzing Potential Moves from Support Levels? 👀 🚀💎Paradisers, focus on #ZRXUSDT as it’s at a pivotal market point, evaluating a key support level for its next move.
💎 Diving into #ZRX past behavior, it has shown a consistent pattern of breaking upward from a descending trendline. Currently, it is reassessing the support level at $.3447. If it can sustain strong momentum above this support, we could see a bullish move originating from this point. However, if momentum falters, NEWCONNECT:ZRX might find its bullish resurgence starting from a lower support level at $.3150.
💎 But that's not all. If #0xprotocol breaks below the $.3150 support, it could signal a shift in market sentiment towards the bearish side, potentially leading to a further decline. 🌴💰
ZRX/USDT Bullish Trajectory a Key Market Shift? 👀 🚀 💎 Paradisers, observe closely as ZRXUSDT exhibits a compelling pattern, currently positioned in a demand zone, hinting at a heightened likelihood of a bullish trajectory.
💎 ZRXUSDT has a history of breaking free from its descending trendline, leading to an upward trend. Presently, as it resides in a demand zone, the prospects for a bullish move are considerably strong.
💎 The initial target in this scenario is to breach the supply level at .3176. A successful surpassing of this level could pave the way for tackling a major supply level above.
💎 On the flip side, should ZRXUSDT struggle to maintain its upward momentum, a strategic bullish move from the .1989 demand level might be the next course of action. However, a descent below this level could trigger a significant bearish downturn.
ZRX oversold in 1hr TFThe asset that caught our attention during our short term holiday is ZRX
ZRX is currently indicate oversold on 1hr TF and as well we can see a liquidity grab to downside but CHoCH to upside... So, I will advice we wait for market to mitigate the unmitigated bullish OB on 1hr TF and take an entry....
Follow more market update and trade setup...
ZRX/USD Main trend. Channel. Fractal.Logarithm. Time frame 1 month. Main trend. Idea for long-term trend orientation on a large timeframe.
0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets in the Ethereum blockchain without relying on centralized intermediaries such as traditional cryptocurrency exchanges.
The price has fallen by -93% from the high of pumping. Pump/dump channel. Possible fractal recurrence based on the logic of the previous secondary trend. The potential is quite significant.
Suitable for position trading. Rational to work from the average buy/sell price. The price is approaching the zone of previous lows, but the slippage can be by a significant percentage at the moment of “fear peak”.
Trading volume. Holder Addresses.
Pay attention to the minimum trading volume of the last year (this whole downtrend) compared to the past cycles. To understand why it is so, trace the main mass of large and medium addresses of this coin. Activity, time of creation.
This is what it looks like on a line chart if the “market noise” is removed.
ZRX/USD Secondary trend. Downward wedge.Logarithm. Time frame 3 days. Secondary trend. Downward wedge area.
This is what the downward wedge looks like on the line chart.
The lacal zone for trading at the moment.
ZRX/USD Local work. Triangle. There will soon be a dénouement.
The main trend
ZRX/USD Main trend. Channel. Fractal.
ZRX/USDT Retesting phase to continue upward movement. 💎 ZRX has undeniably captured significant attention in the market. Currently undergoing the retesting phase within the support area after a notable breakout from the pattern and resistance, marked by a surge in green bullish candles.
💎 Anticipating ZRX's approach to the support level in the near future, there's a likelihood of either rejection or a bounce from this level, probability it back into an upward movement and targeting our supply area.
💎 However, if the scenario deviates from expectations and ZRX fails to bounce, leading to a breakdown of the support area, the potential downside could extend to the next lower demand zone at $0.317. In this situation, ZRX would necessitate a bounce to reclaim the resistance area at $0.390. Failure to regain this area might result in ZRX breaking through the demand level, continuing its descent towards a robust support area.
ZRX/USDT - 0x: Super Trend◳◱ On the $ZRX/ CRYPTOCAP:USDT chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.3069 | 0.3474 | 0.4176 and support near 0.2367 | 0.207 | 0.1368. Entering trades at 0.2871 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: 0x
▣ Rank: 160
▣ Exchanges: Binance, Bybit, Huobipro, Gateio, Mexc, Bittrex
▣ Category/Sector: Financial - Decentralized Exchanges
▣ Overview: 0x is a permissionless protocol to facilitate trading of Ethereum based tokens including ERC-20, ERC-721, and other Ethereum standards. 0x is not itself a decentralized exchange, but instead a system of smart contracts that connects liquidity providers and market makers in order to provide exchange functionality in a range of applications.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.2871 ₮
▣ 24HVol: 4,637,944.833 ₮
▣ 24H Chng: 7.007%
▣ 7-Days Chng: 5.08%
▣ 1-Month Chng: 47.07%
▣ 3-Months Chng: 35.78%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.3069 | 0.3474 | 0.4176
◢ Support: 0.2367 | 0.207 | 0.1368
◱◳ Indicators recommendation :
▣ Oscillators: SELL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 3.98
▣ Last 90D: 1.77
▣ Last 1-Y: 0.44
▣ Last 3-Y: 0.46
◲◰ Volatility :
▣ Last 30D: 0.98
▣ Last 90D: 0.83
▣ Last 1-Y: 0.91
▣ Last 3-Y: 1.21
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.61 - Bullish
▣ Reddit sentiment score is 0.46 - Bearish
▣ In-depth ZRXUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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ZRX FORMING A RISING WEDGE BINANCE:ZRXUSDT is forming a rising wedge, or a bearish wedge potentially could see a reversal from a day trading standpoint.
In my technical analysis, the price has reached an essential key resistance level of $0.2720 or the .618 Fib retracement as shown in the chart below on a daily timeframe.
RSI indicator is showing a bearish divergence wherein it forms a lower high and the price forms a higher high.
Currently the price forms another higher high, the next resistance would be at $0.2967 if the price would push upwards based on the Fib retracement extension of 2.236. I could determine the next trendline as valid utilizing the back test process.
If you're looking to trade this coin NOW, use this diagonal support as guide. It also formed divergence as well.
If a breakdown confirmation happens, set partial take profits on the common support lines.
I will try to update on that :)
Always PLAN your trades and happy Halloween 🎃
ZRX/USDT Reclaimed the key area. Upward Momentum for ZRX ??💎 ZRX has undoubtedly garnered our attention. Presently, ZRX is navigating within a descending channel, having successfully reclaimed the demand zone and subsequently embarked on a notable ascent toward the $0.231 supply point, only to face rejection.
💎 It's conceivable that ZRX might retreat to the demand level for a retesting phase, gathering fresh momentum to breach the supply barrier. Should ZRX manage to puncture the supply zone promptly, it could potentially shatter the descending channel constraints, propelling itself toward a higher supply region.
💎 However, there's a precarious scenario at play. If, during the retesting, ZRX falters at the demand level, piercing through and closing beneath it, this would signal a bearish turn for ZRX. Under these circumstances, it's likely that ZRX would sustain its descent, steering toward a substantial demand frontier.
ZRXUSDT - First Target done.Congrats +96.8% roe x20 or 4.84% sAt the moment, we have reached the first target.
Stop loss is moved to $0.2620
I expect a further price reduction based on the specified take profits.
My trading setups are not investment advice, nor are they forced to trade. Spend your #dyor
ZRX/USDT WHAT NEXT? 👀 ZRX Today Analysis
💎 Paradisers, gear up for a promising venture with ZRXUSDT. Our observations indicate that after facing a rejection from a primary supply zone, it's once again setting the stage for potential outcomes.
💎 In the past, ZRX broke free from a descending channel, charting an upward trajectory. However, after facing resistance at the .2644 supply point, it embarked on a downward journey. Now, we're looking at two potential scenarios:
💎 If it sustains momentum above the .1974 mark, we're optimistic about a retest of the supply zone.
💎 Conversely, should it dip below the .1974 threshold, a structural breakdown is likely, steering the price towards a significant support level.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights