ZRXBTC entered in bullish reversal zoneThe price action is making different harmonic patterns with smooth up-trend and consistent continuity.
This time the priceline is again retraced and failed to break 50MA support to form new harmonic and entered in bullish reversal zone insha Allah.
The targets are:
Buy between: 0.00007087 to 0.00006774
Sell between: 0.00007333 to 0.00008074
ZRXBTC trade ideas
ZRX | LONGZRX retesting the previous resistance line. 3D RSI doing the same. Expecting a strong move up if S/R flips succesfully.
Anchorage above level ZrxCorrection was ready to grow!
Strong project zrx
Creating a tokenized world where all value can flow freely.
0x is important infrastructure for the emerging crypto economy and enables markets to be created that couldn't have existed before. As more assets become tokenized, public blockchains provide the opportunity to establish a new financial stack that is more efficient, transparent, and equitable than any system in the past.
ZRXBTC *request analysisZRX perform rising wedge pattern (reversal pattern) and hit resistance trendline.
Maybe it still not a right time to invest at ZRX, coz we have bottom support at 0.00005033
if this pattern break down, bottom reach around mid May.
Even if ZRX success break resistance, maximum projection only 14% at previous resistance at 0.00008833
note : we will update this analysis once we reach 0.00005033
ZRX delivering the goodsZRX is one our crew has been trading a lot over the last 12 months, its been in a strong down trend and to be honest we had lower targets in mind for a strong buy but its started to consolidate and build a new v bottom over the last month which is getting strong, now making higher highs and higher lows, i can see an EW set up building as well, this push which we are in from the bottom we are looking at an exit at the 1.272 extension and a re buy on the retrace and running the last leg up if it can hold support around the 7260 mark.
Volume is increasing really well although sitting above the medium on the CCI i think this will have legs with the current volume.
Have to keep a close eye on BTC though in case we get some big red candles then we might take the risk and move our stops up to lock in profit take and look for a new entry if it falls over.
If this bottom stays strong in a btc down trend then im confident to load back up on demand.