ZRXBTC trade ideas
ZRXUSD: RSI, HMA, Takashi Bows -> LongHello,
below I see a favorable setup for ZRXBTC for the short-mid term.
1. Takashi bow signals a buy signal
2. The daily closed significant above 80 Hull moving average (HMA) this signals a mid term change in direction of the trend
3. The RSI left the overbought zone, the previous 2 times this was the start of a mid term run
4. currently at strong support established since April
The 38% and 61% fibonacci zones are good target zones to take partial profit in my opinion
Attention BTC is currently at a resistance and can retrace a bit. Later it can continue it's short term run towards the 7K levels before getting potentially rejected at 200 MA again or the established downtrend since mars as I noted in previous BTC analysis's.
A potential BTC rejection would most probably take away the momentum of our ZRXBTC trading pair.
I'm looking forward to your feedback.
keep in mind: no financial advise.
ZRXBTC near a major pivot in time, Law of VibrationGann's LAw of Vibration chart for ZRXBTC
the center of this cycle is nearly complete, with prices near its major swing lows and within the 90-99 day Gann Cycle, prices have a high probability of reversing at this level, retracing at least 150% of the current value higher - a violent move higher.
ZRXBTC - 4H - UpdateZRX has seen a nice runup since tapping into the demand zone around 7400 but seems to be breaking down from the triangle. Overall, with some alts starting to look bottomed out barring a BTC meltdown and possible coinbase listing soon, ZRX seems like a strong pick for a long.
RSI and MACD seem to be turning up showing positive momentum and we are currently sitting right at the demand zone, which has held well so far. For the more adventurous traders, placing a long order in this demand zone could be a good play, targetting the top of the triangle as a take profit. For the more conservative traders, waiting for a pullback back down to the lower demand area could end up avoiding the loss from a break of current levels on a BTC move lower. Both stops would be placed below the SFP lows and targets are outlined in the chart.
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ZRX market structure tradingZRX looks bearish for the time being. Ever since its taken out 13401 satoshis (market structure shift level), its proceeded to make lower lows and lower highs indicated by the red boxes. Simple market structure trading. It had a nice little bounce at the demand zone around 9791 satoshis, but couldn't breach the resistance level preceding it. Take short trades on this with caution. If it doesn't bounce at current price levels, and cannot breach above 9791 satoshis should see accelerated selling once again towards the red line which is where i'll be taking profits. You can ultimately take profits inside the green zone, but I will be playing it safe and taking profits at the red line which is where an old high of a volume spike (buying pressure) is located.
TLDR: Neutral until price dips below the pink box, will then short until prices reaches the red line located at the top of the green box labeled "target zone".
ZRXBTC : WAY oversold...----------------------------------------------------------------------------
My position
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Entry : 0.000085
TP 1 : 0.0001
TP2 : 0.000116
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My ideas are not finacial advice.
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0x (ZRX) Downtrend0x BINANCE:ZRXBTC broke bearish from the downtrend channel as btc dominance rises on a uptrend and the crypto market keeps seeing losses, these are just some potential support channels we could still see some move upward since the RSI is oversold and historically we have seen bounces from that point but with the current market situation other alts have proven to ignore this
ZRX/BTCStoch RSI oversold
Potential long position, take profit up to 10'000 satoshi
Overall still feeling pretty bearish, will not be making an entry
#ZRX #cryptocurrency at support while doom and gloom everywhereWhat to do?
Chart is pretty self explanatory, with obvious signs of past support in the highlighted green region. Price level indicated would be the level at which I see last area of real support, underneath which the support channel may be invalidated by heavy selling pressure. I'd look to take half position here and half near 8750 Satoshis if we get there and would be surprised if it didn't hold. Given the current environment, anything is possible. 0x has had some good fundamental developments lately, so coupled with the TA, it's one of the more interesting trades for me.
I've been working on other projects and trading less because of the general environment, but some coins and the general environment seem to be approaching value-level areas which make trading/investing more palpable now. Of course, risk manage accordingly as we're certainly not in (and maybe not close to) a general bull market yet.
Analytics ZRX/BTCWe observe a stable downward channel. The current support area is 0, 00009120 - 0.00009080. In case the price passes this area, the next support level is the lower line (blue on the chart) of the channel, so the price may drop to a global support level of 0.00005600.
If the price of an asset is slowly going upstream, then it go to the top line of the channel, should observe price after that. Because were observed massive sales for a large volume on the asset within a month, pay attention - if the rate is rising up to 0.00010850 for today, this will be a sign that the price is being manipulated for the further sale of the asset.
In relation to the BTC, 0x did not drop very much, the price kept in its channel.