ZRXUSD trade ideas
ZRX/USD ChartZRX is playing out a nice set of Elliot waves and the longer time RSI would show it has the momentum to test $1.50 over the next 4 to 8 weeks. It hit a perfect 3 target to take profit. Failed to break the weakest part of the cloud on the daily and is meeting some resistance. I would expect it to go sideways a few days or a week or so. Possibly even sub $1 buys again. I do feel at some point it will test the $1.50. Look to buy the red candle lows.
0x (ZRX)Short description
At its core, 0x is an open and non-rent seeking protocol that facilitates trustless, low friction exchange of Ethereum-based assets. Developers can use 0x as a platform to build exchange applications on top of (0x.js is a Javascript library for interacting with the 0x protocol). For end users, 0x will be the infrastructure of a wide variety of user-facing applications i.e. 0x Portal, a decentralized application that facilitates trustless trading of Ethereum-based tokens between known counterparties.
Abstract
We describe a protocol that facilitates low friction peer-to-peer exchange of ERC20 tokens on the Ethereum blockchain. The protocol is intended to serve as an open standard and common building block, driving interoperability among decentralized applications (dApps) that incorporate exchange functionality. Trades are executed by a system of Ethereum smart contracts that are publicly accessible, free to use and that any dApp can hook into. DApps built on top of the protocol can access public liquidity pools or create their own liquidity pool and charge transaction fees on the resulting volume. The protocol is unopinionated: it does not impose costs on its users or arbitrarily extract value from one group of users to benefit another. Decentralized governance is used to continuously and securely integrate updates into the base protocol without disrupting dApps or end users.
Link to Roadmap: docs.google.com
0x categories
Exchange, Governance integrated
Events
Nifty 20 hours ago
Launch oOf Protocol V2 in 5 days
Circulating supply 536,698,794
Total supply 1,000,000,000
Product status Fully working product
Org. structure Centralized > Hierarchical
Blockchain Ethereum
0x Price movement
1 hour -0.28%
30 days 54.48%
90 days -1.69%
Winning months 50.00%
Max. drawdown in a day -64.05%
All time high (USD) $2.39
All time high (BTC) 0.0002
30 days volatility 55.56%
===============
Signal Part
===============
Buy Around $1.10/$1
Targets
Short
$1.20
$1.40
Mid
$1.80
$2.31
$2.64
Long
$3.25
$3.45
$4.25
Mega_long
$4.5
$5.00
Stop_loss:
Close Daily below $0.90
Risk/Reward
10% / 400%
Invest:5%
we ask Allah reconcile and repay
Last signal for vip people +40%
All signals we provide for ZRX
+56%
+39%
+10%
Old Draw
Channel Up hit Resistance. Confirmation required.ZRXUSD has just hit the 1.3390 Resistance level on 1D and the Channel Up (RSI = 57.637) has pulled back. This can either be an attempt to form a Higher Low (Highs/Lows = 0.0000) or a 1W bearish reversal (STOCH = 35.072, Williams = -57.526). If 1.3390 breaks, we will go long, TP = 1.5915. If 1.0134 breaks, we will go short, TP = 0.7870.
Potential cup and handle forming for ZRXUSDI'm long ZRX, and believe there may be cup and handle forming on the daily chart. Notice the decreasing volume, and converging MACD. I've outlined my targets.
With a potential bullish reversal in BTC, I feel ZRX is poised to be a big gainer in the subsequent altcoin rally. And there's that Coinbase rumor.
Happy trading!
ZRXUSD: long call on 2h chartHello guys,
ZRXUSD appears to me very interesting at current price becaus the trade has a favorable risk/reward factor.
ZRX started, about 3 days ago, a short term bullish trend with first target to 1.2 USD and 0.00018 against BTC.
For about one day ZRX remained around the resistance area we can find between 1.02 USD and 1.05 USD (S1) but now it found the strength to force the resistance with an increase of volume: so, it might be worth to buy it now at 1.08 USD (R1), setting the stop loss to 1.01 USD with first target to 1.2 USD (R2) and maybe 1.3 USD (R3) as second step.
Indicators are set for a further run.
To sum up:
Buy ZRXUSD at 1.08 USD R1----> R2 1.20 USD----> R3 1.30 USD STOP LOSS 1.01 USD
***This analysis is not a buy or sell advice, it is drawn up for educational purpose only***
Did Coinbase mean to tweet this...??? !!!Just got on my phone a tweet.
They deleted the tweet, but it said the following:
Coinbase started a thread:
Today we are announcing that we're exploring the addition of the following assets to Coinbase:
Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC and 0x (ZRX). blos.coinbase.com...
Wow!!! If this is for real... $$$
ZRX last opportunity to buy the dipA breakout of BTC is likely, so this dip on both BTC and ZRX are likely to be the last opportunity to get them on cheap before the next upcycle.
A protective stop is used. A double bottom is likely if it breaks below the stop.
Join our private community: www.patreon.com