ZRXUSD daily tradeZRXUSD has been correcting the cycle from 13/01/2018 high from 2.4786 in a 3 waves move - 13/01/2018 low, 27/01/2018 high and I am calling 19/03/2018 low at 0.3487.
Work is based on EW theory adapted by The Trader's Corner on daily, 4h and 1h time-frame.
Also, ZRXBTC has a clear structure and also reached equal leg area, not only ZRX should appreciate against USD but also against BTC.
0XUSD trade ideas
0x 4hr DivergenceAs you see the RSI has made a series of higher lows and just recently a higher high. Coincidently, the price of 0x in dollars has been going down. As a result we have seen a larger green candle react to this divergence. Could this be the bottom? It may be, perhaps the bottom or the relative price will be tested again in the future.
After seeing 0x at $2.50 and all the way back down to 63 cents....this feels like a good buy price. I suppose seeing a larger divergence on the daily chart would be a stronger indicator.
Tell me what you guys think. Give me some constructive feedback.
0x - a bearish prospectI'm not sure about this one either, but I would say that it's going down. Take this one with a big grain of salt please.
Actually found some really good looking pattern (a circular Fibonacci) which it just broke up from. But I erased that because of the bearish outlook of the moving averages. Instead I put it in this larger perspective with the bearish implication taken into account. So it looks like I just draw this randomly and that it took like 30 seconds to do but I actually put like 20-30 min analyzing this (because it's a bit fun). And to not feel that that was a total waste of time - here's the result. Ta-da!
ZRX Long term trendI believe in long-term, the ZRX is completed wave 2 out of 5. Per the following chart, the long-term target is $5.5. But definitely, there are some up and down between here and the target. The first target could be $3.5 which could reach by the middle of February. Nothing will happen without correction. So there is some correction between this trip which I will try to find them and let you know.
Potential for New All-Time High? 0x! (ZRX)Good day traders!
0x is an amazing project and I have a lot of faith in the team. They're producing a decentralized exchange, and many projects are building on it (e.g. Augur, District0x, Status).
After the upward rally yesterday we're slowly reaching the end of the ascending triangle (continuation pattern).
I have conducted 2 scenarios:
Bullish: We break above the resistance soon, like the pattern suggests we would.
Bearish: On the other hand Cryptos are so unpredictable and not all patterns apply. We could also fall down to the $1.5 Support. (Or even further)
--This is NOT financial advice. Please make your own research before investing in any asset--
I wish you successful trades!
ZRX on a major BREAKOUTGolden cross just appeared on the 30 min. chart, and we are now on a major breakout.
If we can go pass the blue line, our next stop is the green line @ $2.45, or about 18.56% profit.
However, this coin has potential for way more then that.
Disclaimer: I am not a financial advisor and any information I publish is for educational purposes.
The BIGGER picture of ZRX is looking GREATZRX looks great when it comes to elliot waves in the bigger part.
It finished its 4th (correction) wave. RSI also showed a period of being oversold and the MACD crossover confirms this even more.
With the fib. target is around $6.25ish.
This is going to be a midterm hold, but it is worth every penny. (500%+profits)
The fifth wave is usually the BIG FOMO wave and i think this time it will also be the extended wave.
Also from FA perspective ZRX is one of my favourite coins for the nearby future.
This supports my call for this coin.
HAPPY TRADING #LOBBI