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0XUSD trade ideas

ZRX/USD - Definitely way more upside on this one...First analysis for the year. If I have more time, I'll try to increase the frequency of my analysis posts. Feedback, input, and comments are all welcome! ================================== Pair: ZRX/USD Time Frame: 1-Day The current trend for ZRX/USD is a weak bearish movement. Since November 2018, a descending triangle has been forming, as shown by the progressive lower highs. The current support is holding at the $0.25 zone. Price action will probably continue to stay within the triangle, but the market will be forced to pick a direction within the next few weeks (or months). If the bulls decide to break out upward, then their momentum could easily take them to the $0.45 zone (Fib 23.6%), and beyond that probably test the $0.58 zone (Fib 38.2%). However, any bullish sentiment should be taken with caution as there is still enough bearish volume to slowly push price action south, as shown by the thickness of the Kumo(Cloud) on the Ichimoku. The fact that there is still no cloud twist shows the possibility of downward movement. Additionally, on January 10, the thicker part of the cloud acted as a hard resistance and forcibly pushed the price action downward. The support at the $0.25 zone is tentative, and if broken can see the price action move south towards the $0.20 zone. Any further collapse can see the price action touch the $0.15 zone. Regardless, the general assessment for this asset pair is that there is still much more room on the upside. For the Bulls: There are a couple ways to play the entry points for this current market environment. Recommendation 1- Buy at price (up to $0.35) and wait for upward momentum. Take Profit Targets are: $0.58, $0.68, $0.78 Recommendation 2- Wait to see how the market reacts to the ascending triangle. If the $0.25 support is broken via bearish momentum, then: Set BUY targets: $0.20 ( up to $0.35 (as the bullish momentum is regained) Take Profit Targets are to remain the same. For the Bears: Recommended Short- $0.24- $0.25 (zone) Take Profit Target 1-$0.20 Take Profit Target 2-$0.15 For Rangers: There has not been a solid ranging window in the recent history of this pair. ================================== As always, manage your risk! -DC ---- NOT INVESTMENT ADVICE. The opinions and analysis expressed above are strictly my own. This analysis was sponsored by the Paribus Group (www.paribusgroup.io)
BINANCE:ZRXUSD
by dc_paribusgroup
There is a possibility for the beginning of an uptrend in ZRXUSDTechnical analysis: . 0X/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 53. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.345400 to 0.257000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.345400) Ending of entry zone (0.257000) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.487680 TP2= @ 0.596630 TP3= @ 0.686050 TP4= @ 0.837000 TP5= @ 0.948790 TP6= @ 1.041000 TP7= @ 1.041000 TP8= @ 2.058300 TP9= Free
BINANCE:ZRXUSDLong
by ForecastCity
ZRX short trade #2We have closed out our previous trade as our rally has lost steam. With that said we are headed for a steeper correction then I had anticipated which is great for another rebound. I believe through indicators and trend analysis we will retest previous support and buyers will be waiting down there. Lets short the bounce we get out of ZRX again and again till its all over. Stop complaining about bear trend and get your money man... Expect a bounce from 31c thats what I forsee happening however we may break down further and retest levels we started this rally at.
COINBASE:ZRXUSDShort
by mjtrustme
4
ZRX Trade- Steeper correction looks imbound. SELLIts to early in the formation to tell but it looks like our ZRX trade has lost steam on the way to 35C. Thats our secondary. If we could recover at 31c our first target will still be reached. Keep holding if touches 31c sell. If you see a bounce on 31c lets hold and wait for further confirmation to add in that position. Lets not get tied up in emotions or FOMO because I see a lot of people doing that and we do not have enough volume still to figure this is not a dead cat bounce. Lets TRADE and be unbias to our situation. We want moon but we may need to build the spaceship still....
COINBASE:ZRXUSDShort
by mjtrustme
2