0XUSD trade ideas
0x Long setup0x is currently one of a few coins in a clear uptrend. As you can see on the 4h timeframe, it is set on a perfect support of uptrend line. It is definitely a nice opportunity to long from here. Stochastic is oversold on several timeframes - 15m, 30m, 4h and most important - daily too.
We have a bullish divergence on stochastic and RSI on 4h as well. The setup is really nice - on a technical basis. However - I am keeping the position small, because there is something risky here - the uptrend line isn´t created naturally, but because of Coinbase listing news. If you consider this - no matter how "oversold" it is on stochastic, it is still overbought sentimentally. Watch out than.
I would use two stops - one really, really tight on 0.755 USD (like 1.60% risk) and the second one wider. Maybe 0.688, that´s up to you.
The first target is 0.89 USD. That´s a place for some profit taking and placing a stop to profit. If we go higher, just watch and enjoy.
ZRX 10.16.18 Head and Shoulders?Possible head and shoulders playing out.
We have the initial uptrend, an increase in volume to form the left shoulder, another smaller volume spike for the 2nd left shoulder, then another big volume increase as the head forms, then decreasing volume as the right shoulders form.
A break of the green necklines with an increase of volume would confirm the reversal pattern. If this does play out it would be very strange considering it just got listed on Coinbase and BTC has been showing some signs of bullish short term movement. Does Ox know something that we don't know?
#andthewindcriedcapitulation
ZRX to move up before Christmas.Well it looks like BTC decided to take a shit on the markets today. ZRX is in buy area for wave 5. Some positives about this is Bitfinex recently accepted them for margin trading, it passed all of there 'tests' and Coinbase added them to there collection. Its a good risk reward, risk 10c to make 70c+ seems like good value to me.
You can see two of the oscillators is showing hidden bullish divergence. It is sitting on the 84% fib line which is still bullish, should it break the zero mark you can void it as the 5th wave.
Look for a structure like this then buy or if you dont mind going negitive for a while buy now.
Short OX For Good Gains AND You Can Accumulate More After!! Hey traders, i see Ox as a good opportunity to short it in the short term. However in the longterm it is in a bullish wedge and the breakout will be good on the upside. But for now short till the targets that i fixed for you so you can accumulate more. Why ?
1. Bearish Macd cross
2. Falling wedge need to return to the resistance
3. Rsi overbougth, have much more room to go down
4. Repetition of the 2 other peaks from this descending channel
Targets:
1. 0.62 (very low risk)
2.0.52(low risk)
3.0.42(medium risk)
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ZRX double bottom?ZRX is forming a potential double bottom at trendline support, which coincides with the 200-period EMA on the 4-hour chart.
Whether it bounces here will obviously depend on BTC and the rest of the crypto market. Bitcoin has broken lower after trading in a very tight range for the past two weeks – however, given the way it has been trading recently there is every chance this will turn out to be a false break. If that is the case, ZRX could reach 0.95 to 1.00 very quickly.
If the across the board selling continues, ZRX is likely to fall to 0.70 which will become the key level to watch.
ZRX - at supportPrice is sitting on trendline and horizontal support. Scaling in with a partial buy here with a stop loss just below next support at .70
ZRXUSD - Not looking too pretty at the moment!NOTE: This is all based on Coinbase which has very little historic data so please bear that in mind.
Seems to be stuck in a channel which is coming to the end of a descending triangle - BTC is not looking pretty at this time either which may negatively impact ZRXBTC / ZRXUSD.
Overall view
It seems to be coming to a make or break point and looking 50/50 atm (looks like it didnt respond very well to BTC little dip this morning (25/10/18)
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closer view
as you can see its in a little channel at the moment (purple zone) but it seems to have some good resistance @ 0.83/.84 (blue box) but if it pushes down from here there is no historic support until like .74/.72 which isn't very pretty..
This is either a good time to go long or a very good time to ride back down to 0.72 and reevaluate from there.
Trade safe people!
0x Repeated Fractal Movement, Eyes on Oct. 26th, and Nov 1st.A continuous fractal pattern has occurred in 0x causing repeated price movements of approximately 25%+
On this date, the fractal is in a stage that appears to be a downtrend possibility for 16% downtrend from $.85 to around 74-77 cents
This is in week 1 out of a standard 2 week pattern, check for buys here on Nov 1st