0XUSD trade ideas
zrx >> BAT APPLICABLECoinbase announces ZRX will be listed and the price skyrockets (16%)
Coinbases announces that ZRX will be first available to deposit only on coinbase pro so that the orderbook is populated.
People deposit their ZRX and most likely sell to obtain profit when trading begins (with volatility).
ZRX consolidates for a while and then is announced to release on iOS.
The users on iOS cannot sell since they do not have ZRX deposits on coinbase yet, so in turn they buy (60+% in one day)
BAT will do the same thing.
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)
I've invested in crypto for the last 3.5 years and made a lot of money since then. I predicted all the crashes and peaks in crypto and have my own trading fund. Just started a few days ago with trading view so follow me if you want to see your portfolio grow like you've never seen. I HAVE 90% OF ACCURACY IN MY PREDICTIONS. follow me and you will se very good results even in a bull run :)
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.