$ZRX 0x Protocol; Holding position outside channel, moving on upWhile we've watched the boost from recent news fade, it remains to be seen whether 0x has enough momentum to sustain a longer run. Of the projects mentioned, ZRX is virtually guaranteed a spot (in my opinion) on Coinbase due to the fact that the company purchased the protocol several weeks ago. This recent news broke us out of the handle/channel so we'll see if it has enough legs to make more of it. Still a solid LT hold regardless, I'm loading and stashing for a few weeks at minimum. We'll see.
ZRXBTC trade ideas
ZRX Short Term Bullish Count for 0x - Original Live Stream ChartWe discussed this play during the live stream, and it was clear there was a lot of potential here. We were moving along perfectly with wave 3 when we suddenly got a jolt that propelled us far ahead of what was expected. The fundamental injection came from the news that Coinbase was considering, 0x, ZRXBTC for listing on their platform. I had adjusted my bullish count after this news, and this is the strongest count I have.
We should see continued impulsive motive waves given the high impact of these sorts of announcements. The only variable that is unable to be modeled is the retracement of the initial pump caused by the announcement. Unfortunately, a strong corrective sub wave can invalidate this count, and we'd need to address anew count with softer targets. That's why THIS, is the BULLISH COUNT.
Prior to the Coinbase FA earthquake, we saw strong Fibonacci ranging with numerous tested supports at critical levels, so I expect to have many predictable resistance levels en route to primary wave 5. Keep in mind, you should always move up your stop losses when you can, when you have a strong support and you can place the order below it. Instead of taking profit by selling at target, move your SL to a tight support below the current level, locking in additional gains.
If we turn south and retrace strongly below the current subwave correction, I'll share my moderate-bearish count which may be a bit more realistic, as it negates the initial FA pump from the news. If Bitcoin continues towards its 4k target without much support, ZRX and our other alt plays could be directly impacted as well. To be determined.
For now, Trade Smart & Know Better!
- Lord Vader (a.k.a. Darth Crypto)(a.k.a. The Big Dip Sith)
ZRX - BIG cup and handle is forming for moonshoot ?I strongly believe that alt season has back again (you can read my alt season 's post)
ZRX has just broken out strongly with confirmed volume.
Depending on how thing develops, ZRX might be forming then handle of the cup and handle pattern.
IF the handle is really formed, we all know that NEW ATH of ZRX is coming
ZRX's news: end of july is the released of V2 protocol
Is is this ideal time to go long ? NOOOO, you need to wait for the current pump to cool down first then jump in for ideal price. Price won't just shoot up straight. Use 30min chart to spot the bottom.
P.S : this is NOT financial advise
This one is making a lot of noise....The ability to create decentralized exchanges, prediction markets, decentralized lending platforms, decentralized governance, all sounds really good. Many crypto signals groups started to send buy signals on this one this month and yesterday Wall Street experts shared their own buy signal on ZRXBTC and a few other cryptoassets and today we have a nice green candle at +20% and going. In the next weeks or months the target would be +50% - +100% or even more. Didn´t you know about this buy signal before? Just come to trade with us at totalbitcoin.international
Idea (July 14, 2018) (ZRX/BTC)New signal Elites!
ZRX/BTC
Binance
Entry 0.000139 (wait price to reach this level)
StopLoss 0.000129
Rating 3.5/5
Profit goals1: 0.000146 (Take 50%)
Profit goals2: 0.000153 (Take 25%)
Profit goals3: 0.000159 (Take 25%)
When T1 reached: New Stop loss for remaining position moves to 0.000132
When T2 reached: New Stop loss for remaining position is entry point 0.000139
WHY? Above all EMa's taking the rebounce from strong suppot. Nice social sentiment and risk reward of 1.2
Top 3 ratings for 0xSince middle May, 0x trading in a downward channel
(two yellow trend lines).
In support we have the lower Bollinger Band and a
trend line (blue).
With most Altcoins like 0x, $BTC is the indicator
if there will be a bullish breakout from this
falling channel.
On the positive side, CryptoMiso.com has 0x as the
nr 3 crypto in their ratings behind Komodo and EOS.
ZRXTrading a system with set rules and strong risk management takes emotion out of the equation and leads to better trades.
Market looks very bearish all around, but there is a weak bullish TK cross on the 12hr ZRX/BTC chart. And every time it has had a weak bullish TK on the 12hr it was a signal for the start of a bullish run on ZRX. So I am buying. This is a great R:R trade with easy stops if it breaks the lower bullish channel support from 1+years (Lower Teal Support line). A tighter stop could be below the Kijun around 0.000124 if I was being more conservative on this one.
Every time the TK has crossed bullish on ZRX it has risen to the top of this bullish channel in the weeks/months following. I have marked some of my take profit zones on the way up (OBs - red boxes)
Will update along the way
ZRXBTC 4H: High profit - low Drawdown by Riding TrendsZRXBTC seems to be perfect for technical Analysis! It's so easy to identify strong Trends.
I found a highly profitable Setup on the 4H Timeframe. You'll get only a few Signals per Month, but according to the Backtests, more than 90% of the Trades are profitable.
Sounds almost too good to be true? But it's getting better: Depending on your Account-size and the Position-sizes you are using, you'll achieve almost 80% Net Profit with less than 5% Drawdown!
Here is a screenshot with the Backtesting Results from TradingView's Strategy-Tester, and here are the Settings that were used.
Bulls Reign for July? Waiting...I am bullish on ZRX for the next month as the previous up and down trends have lasted about 50 days each. The current up trend is only 5 days old. My position closed at my tight trailing stop today. I am gaining confidence with this trend that I may consider holding longer term on my next entry. However, my cryptonoob guts sense a pullback coming. I just learned about Elliot Waves today. I see 5 waves on the current up trend. Will there be 3 waves down? Is the market that easily predictable? Will the RSI drop down and bounce off the 50 RSI? No need to rush... Let's see what it looks like in the morning (Tokyo Time).
*A noob just doing a quick and casual analysis
ZRX Cup n' Handle with Equal PennantHello, welcome to my ZRX analysis!
For ZRX we've started off making a cup and handle, completed the retrace, then moved into an equal wedge structure. The overall cup-target has not been completed for ZRX, therefore, after we break the pennant's upper trend we should see a decent run.
Green zones are targets, an entry currently would be when it decisively bounces off of the base of the wedge (Wave E) then proceeding to challenge a break out on the top giving time for you to react and hold till you see fit. If it is rejected then you can still sell for a profit. An appropriate stop would be below the pennant. Unlike with ICX where, where we saw the same structuring, we'll likely have BTC working with us this time.
Feel free to join in on the discord for conversation and ask to be added to notifications if you'd like to be notified of posts.
The link is still available on my profile, good luck trading!
0x is still going UPCoin of the day is ZRX(0x).
Continue to follow ZRX July uptrend.
To recap, 0x(ZRX) is an ERC20 based protocol designed to offer a decentralized exchange as part of the Ethereum blockchain. The main idea of 0x creators Will Warren and Amir Bandeali was that any use case that involves an exchange of different assets could eventually be built using 0x.
Latest news
0x team are planning to release 0x v2 in the late July.
Technicals
Starting from the 0.0001 level, ZRXBTC is drawing a bullish pattern, continuing a global bullish tendency with the third wave of growth. Recently the price broke above the 100-days EMA and fixed this breakthrough by holding itself above the 0.00015 level. By crossing above the 0.00015 ZRXBTC is passing to the last 26% Fibonacci zone before previous price peak. For now, the pair will probably go into a lateral movement after the 0.00015 breakthrough. The 0.00016 level will be the next step on the way up in case if the price will find support in the lead of the 0x v2 release. 0.00015 level should stay supportive for the current bullish tendency.
36% gain if we break out of this descending wedge!!0x has been on an absolute tare today. Currently hitting 100EMA on 4hr. Most definitely overbought on 1hr time frame and is losing momentum as macd histogram is curling down but the price is making higher high. 4hr RSI is currently at 65 and looking to make a slight correction in the short term. I don't see us getting out of this wedge today but once it breaks out convincingly measured move is expected to get us up to horizontal green line in the chart which is close to 50% retrace. So, I expect us to get us between that region IMPENDING BTC PRICE ACTION.
Breakout... Will the uptrend continue? I bought back in. Admittedly, based partly on FOMO. I need to go to sleep! Overall, I sense a continuation based on looking at the different timeframes and the support on the RSI. I predicted accurately the breakout from exactly 1400sats. I intended on setting a limit order there, but doubt set in. I missed it. I told myself that I would buy back in if the breakout occurs... I saw that the candles were finding support on the 50ema. Additionally, the 5ema is currently touching the 50ema and the 10ema is currently touching the 20ema. To my cryptonoob mind, this is indicating, the early stages of a trend establishing itself. Lets see how my hypothesis goes by morning (Tokyo Time).