ZRXUSD.P trade ideas
ZRX entry pointWe have a strong resistance lvl at 0.47-0.5
If bulls butt price higher than 0.52 we can see a rocket easy .
Meanwhile volume is pretty low today.
Look at it reaching the target price.
0x Protocol... Worth Buying?0x is a very new coin although technically speaking it shows a good growth potential. I have been trading between $17 support and $24 resistance areas during the past four months. But finally, it managed to break above the $24 resistance and established a new high since September.
Prior to the resistance breakout, ZRX/USD broke above the 200 Moving Average where it found the support later. The Fibonacci applied to the corrective wave down after the Moving Average breakout shows that the upside target could be at 427.2% retracement level that corresponds to the upper trendline of the extended ascending channel.
Therefore, the uptrend continuation should be expected with the first target at $0.36. But if this resistance will be broken, 0x could go up to $1 psychological resistance and perhaps even higher. Pay close attention to the $0.24 support, as break and close below could send it back towards the $0.17 major resistance.
ZRX consolidation is over?Look how long we were trading in purple area, very intresting buying opportunity here. I also believe in this project very much
ZRXUSD Long, Uptrend, Potential Breakout SoonFA: The number of relayers operating on the 0x Protocol is growing, yet general awareness of 0x seems to be low. Decentralized exchanges are gaining popularity, and people will migrate towards them in the future, which is good for 0x. They have a reliable, active, and dedicated team. Any sort of big news could open the floodgate.
TA: The downtrend seems to be broken. After stagnating around the .185 to .21 levels for a few weeks ZRX seems to be bouncing off support and resistance as it finds new lows around 0.22 . If ZRX breaks the long term resistance at 0.245 we could see a larger breakout to around 0.28 levels. If it pushes past the lower support we may see another return to 0.18 range.
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This is my first idea on Tradingview; I am not a professional; I am practicing TA on cryptocurrencies. Do your own research. Happy Trading!
I hold ZRX and, I am bullish on a midterm scale, primarily because of the FA above.
0x with good price and nice potential growthTA:
- we are moving sideways for some time already and reached the local low lately
- oscillators show buy opportunity
- breakout from the channel also possible due to strong fundamentals (might be delayed though)
FA:
- crushcrypto.com
ZRX priming up for a big move in the next 3-4 weeks.Strong base has been forming for months, and with regulators inevitably attempting to curb the spread of cryptocurrencies, the 0x project only stands to benefit.
0x Trading Plan0x was a much hyped coin upon its release into the exchanges in late August. It initially sat nicely above the 33c mark, before falling with the majority of other coins. The price then broke out of this downtrend in late September, signalling the start of a consolidation period. The price has since been consolidating in a ascending triangle, which gives me the feeling that the price is going to break to the upside.
If this does happen, it looks like we may see some resistance at the 30c mark, roughly half way up the downtrend. We could see a slight retracement here before potentially breaking this resistance line and heading for 33c, another major area. If we are in a bull run, the price may consolidate here for a little while before continuing up. This could be a good spot to pick up some more bags, or secure some profits for short term traders. For this to happen I would like to see the RSI confirm above the blue line (around 60). If it can do this I will be very bullish on 0x. Since opening on Poloniex, it has failed to sit above this area for a decent amount of time
If we are to break to the down side of this current consolidation period, then we will reassess. I'm in as a long term investment so I will be looking to pick up more bags if this does occur.
