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ZRXUSDT trade ideas

Corrective wave C is coming to the final phaseZRX is clearly in the corrective pattern. From ATH in mid-April (2.38) price went down to 1.24 when Elliott wave A has ended. From that point onwards it bounced back to 2.22 which is exactly 0.9 FIB retracement (by the book) which marked as the end of corrective wave B (also indicating this is regular flat). From that point onwards corrective wave C started and currently the lowest point was 1.55 which is exactly 0.618 FIB retracement of AB wave where we are now. Going forward I see three option: 1. we have already reached lowest point and price might increase to 2/1 Gann fan line; if Gann line is not broken (in max. three attempts) that we will see another decrease (if price goes above 2.02, than we are most likely in see new ATH) 2. If price will go below 1.55 than it will drop to 1.24. At this point we will see how horizontal support is strong. Like above, if at that level 2/1 Gann fan line is broken (in max. three attempts) new impulse wave has started; if not, then we will see another decrease 3. If price will go below 1.24 than it should stop at 1.08. In this case it is very likely that price will not decrease further. Since there were strong negative signals on the market in the last 24 hours, i believe that option 2 and 3 are more realistic. This will be clear in next 3 days.
Short
by Proscuitto_fan
ZRX-USDT(Level Breakout)0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 375 Million at the time of writing. The volume is up ~7.5% on a 24 Hr basis. In the trailing 90 days, the major hurdle in the upward journey of ZRXUSDT is present at $2 . While on April 9, ZRX broke out the level and seemed cherished to move to new highs, it proved out to be a Fake Breakout and ZRX again fell to the levels of $1.25 . On May 6, ZRX on Daily Time Frame has again given a decent breakout above $2 and is more probable than earlier to move to new highs. Key Levels to Watch Out For: ZRX has been trading in a pattern somewhat similar to Cup and Handle Pattern and has given a breakout. The support to the lower side is present at $1.95 while it may easily give a target of $2.84.
Long
by TradeDog-Research