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ZRXBTC trade ideas

ZRX - finally catching up to the bull marketAnalysis by Sigil fund states that with current aggregate dex volumes of around 1M daily, 0x is around 50-75x over-valued using DCF (Discounted cash flow) model. Source However, DCF model doesn't take into account expectations for the future. With the advent of DeFi, it's not unrealistic to say that DaPPs using 0x protocol may reach 1b and beyond (current Binance levels) , which equates to around $5 per 0x under the same DCF models. Coupled with a future expectation & block-chain multiplier, $10 - $30 is within reasonable bounds. After all, DEX are the future, right?
Long
by ReiX
1
ZRX/BTC ZRX responding bullishly upon closing yesterday's candle above our 0.382 fib , currently trying to break out of this falling wedge; a daily close above 2900 sats would confirm this breakout, likely leading to further upside for the coming days. As shown in the TA, acting support remains at 2700 sats while strong/trend-determining support is at our 200MA around 2600 sats; A daily close beneath this would invalidate this bullish structure. Feel free to use our resistance levels as take-profit zones -Happy Trading, FatPig Team
Long
by fatpigsignals
ZRXBTC LONGThe best ERC20 token is back guys. It looks like zrx is about to reverse. Inverse head and shoulders pattern is forming right now. There is a decent chunk of green volume. The RSI is showing bullish momentum on 4h candlestick chart. On top of that even the ZRXUSD pair is showing the same signals. That can only mean one thing. If we break the neckline of the inverse head and shoulders, we are possibly gonna fly high. Do your own research before you trade/invest, this is just an idea, not a financial advice.
Long
by darkpiggie
There is a possibility for the beginning of an uptrend in ZRXBTCTechnical analysis: . 0X/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 34. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000021 to 0.000015). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000021) Ending of entry zone (0.000015) 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 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= @ 0.000030 TP2= @ 0.000040 TP3= @ 0.000055 TP4= @ 0.000070 TP5= @ 0.000080 TP6= @ 0.000100 TP7= @ 0.000121 TP8= @ 0.000149 TP9= @ 0.000186 TP10= Free
Long
by ForecastCity
2
There is a possibility for the beginning of an uptrend in ZRXBTCTechnical analysis: . 0X/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 34. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.000021 to 0.000015). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000021) Ending of entry zone (0.000015) 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 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= @ 0.000030 TP2= @ 0.000040 TP3= @ 0.000055 TP4= @ 0.000070 TP5= @ 0.000080 TP6= @ 0.000100 TP7= @ 0.000121 TP8= @ 0.000149 TP9= @ 0.000186 TP10= Free
Long
by ForecastCity
2
ZRX/BTC TA Update (Bounce at Golden Fib?)ZRX/BTC ZRX is on a heavy pullback and hitting the golden Fib 0.618 level. The price has broken the downward trend-line resistance and there is a slight bounce reaction from the key support area. If ZRX can keep this level as new support, we could expect a rally up to the 3000 - 3150 sats area before pulling over again to potentially form a new Higher Low. Though everything is still too early to predict. Opening a Long position is still high risk. Waiting for a couple of days is the best option to look for a sign of reversal.
Long
by PolarHusk