ZRX/BTC Analysis 0x:
1) Falling Wedge.
2) Possible Inverse Head & Shoulders,
with right shoulder forming.
3) The cloud remains bearish on the
daily but has flipped on the 4 hour,
creating some bullish sentiment.
4) MACD looks sideways on the daily,
though seems bearish on the 4 hour
5) RSI continuing rising trend on the
daily. May drop down to rsi trend line
before any significant move up.
6) Keep an eye on Bitcoin as it
influences the overall market heavily
and a drop in BTC will see the market
as a whole drop, including 0x.
IF a breakout occurs, expect an increase to the next resistance zone (blue line) - 0.00009122
IF breakout fails, expect a drop to the lower trend line of the falling wedge or possible lower to the next support level (pink line) - 0.00007304.
