0XUSD trade ideas
0x (ZRX) - July 8Hello?
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(ZRXUSD 1W Chart)
If the price holds above the 0.41591415 point, we expect the uptrend to continue.
In particular, if the price is maintained above the 0.95918710 point, it is expected to create a new wave.
(1D chart)
We need to hold the price in the 0.62310545-0.86537809 zone to see if it can turn into an uptrend.
In particular, if the price is maintained in the range of 0.86537809-1.10765073, it is expected that the upward trend will continue.
If it falls from the 0.41591415 point, it will enter the mid- to long-term investment area, so you need to trade carefully.
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(ZRXBTC 1W Chart)
If you look at the big picture, it forms a box section from the 1203 Satoshi-4710 Satoshi section and is in the middle of the sideways.
As it rises above the 2517 Satoshi-2979 Satoshi section, it remains to be seen if it can rise above the 4710 point, the upper point of the box section.
If the price holds above the 4710 Satoshi point, it is expected to create a new wave.
(1D chart)
If the price is maintained in the 2106 satoshi-2619 satoshi range, it is expected to turn into an upward trend.
However, we expect the uptrend to accelerate only when it deviates from the downtrend line.
If it goes down, you should find support at the 1850 satoshi-2106 satoshi zone and see if it moves along the uptrend line.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
Is this the end of a 3-wave correction?After the end of the 5-wave upward movement to $ 2.2, the ZRX saw a higher-level correction characterized by a 3-wave downward movement. Currently, the rate has rebounded from the upward trend that was set in March 2020. This is a strong spot from which we should see an increase to the level of around $ 1.6-2.2 which I scored from fibbo level.
When BTC has further increases (ATH breakout), altcoins will follow it and we will also see new higher valuations. The ZRX can then go up to around $ 6.
But more likely is the scenario where after such a strong decline we will see a rebound to around $ 1.7-2 @ where a new downtrend line runs.
ZRX and all alts about to rise up within the week!Looking at the 5 day. Looks like we have some decent support at the 200MA. The Macd also looks like its bottoming out and about to turn around. Also the chande momentum oscilator looks like its pointing back up! Hopefully we see a nice little bull run next week!!
ZRXUSD H16: 80% gains BEST LEVEL TO BUY(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
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-24/7 uptime so constant updates
ZRXUSD H16: 80% gains BEST LEVEL TO BUY(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ZRXUSD 16hours/candle chart review
::: updated/revised outlook
::: still great setup for 80% gains
::: distribution break down in progress
::: BULLS get ready to BUY LOW
::: from my level TP +80% gains
::: BOUNCE PLAY ONLY
::: this is BUY/HOLD setup
::: patient traders only
::: BEST reaload BULLS
::: is near 90c-1.00 USD
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +80% gains
::: details: see chart
::: FINAL TP +80% re-test mid-range
::: recommended strategy: BUY/HOLD
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/TAKEOVER
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
ZRX hasn't been ready yetZRX is within a upward W-X-Y pattern (at least) which waves W and X were completed but Y hasn't been started yet.
So after completing the correction now it's within it, wave Y will be started.
But please care that I think with high probability the correction will be longer than it shows. Thus every upward movement shouldn't be considered as a uptrend.
ZRX - 0x Price Idee and targetAfter the previous analysis which has been invalidated by BTC retracement we have a new bullish setup, let s recap the analysis:
Rsi- pretty good, arround the middle leaving space for ZRX for growing
MACD - Golden cross forming on 4H chart
3 higher highs follower by 3 higest lows confirming the bullish channel
Fibbonacci - just closed 2 candels above the 0.50 zone leaving space for the new target at 0.618 zone
Targets: 1.97 short term, probly gonna see ZRX at 2$ tomorrow 12/05
In the middle term the target for me is going to be 2.30$ then if by the end of the month we can consolidate above 2$ zone we might see a new ATH very soon
ZRX/USD: FIBO BULLISH CHANNEL,ARE WE READY FOR A NEW IMPULSE ?🔔Welcome back Traders, Investors, and Community!
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