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ZRXUSDT trade ideas

ZRX Breakout - what's next? Hello, Traders! ZRX has recently seen a positive breakout. This was a breakout of a descending wedge with a positive pre-trend, as shown below. The descending wedge which ZRX has broken out from has numerous points of contact. During this wedge ZRX had fallen from $0.8 USD towards $0.35 USD. Below are the recent EWs for ZRX. The recent breakout appears to be a retracement move. In the recent breakout on the hourly chart, ZRX has failed to break above the 0.5 Fibonacci level. This level was rejected and has seen ZRX move into the 0.236 zone. Therefore it suggests that ZRX will likely fall back towards the 0 Fibonacci support line, before a new attempted move up. A move back down towards the 0 Fibonacci support line will see ZRX fall down to $0.33 USD, from the current $0.39 USD. This would represent a value decrease of 13% for ZRX, if this scenario occurs. If ZRX obeys this formation alongside the EWs, it is another suggestion that ZRX could move back down to the critical support line. This then coincides nicely with the short term bearish BTC analysis. Good luck and watch out for the market!
by UnknownUnicorn10064030
1
ZRX - Ready for big move? QUICK IDEAI've talked about ZRX before in detail. It's been in a slight uptrend the last few days. And the market has had a habit of taking off lately... hmmm... I've noticed a few trends on the 1D & 4H chart that might lead us to a decent entry point before take off. Indicators on 1D: MACD has cross bullish STOCH is strong. just leaving oversold with LOTS of headroom. Increasing volume since uptrend. Just crossed EMA 20, has 2 EMA's left to bounce to quickly. Indicators on 4H: MACD has bearish cross incoming but is strong STOCH is in freefall About to bounce off EMA 50 OVERALL Good idea to get a small amount in this swing, if we get a bigger drop we've been seeing climbing support so likely won't be huge. Upside short term and long term are updated and marked on chart. Be safe, be kind, don't touch your eyes after eating spicy food, and this isn't financial advice
Long
by cryptosince1963
2
ZRX - Entering the Buy Zone? 150% Potential?ZRX is an open protocol that enables exchange on the Ethereum network. It was pretty hyped in August as the ETH network charges started to increase, and ZRX was a cheaper alternative. Seems to have been trading on a series of bull flags . Bull flag is a continuation pattern characterized by a sudden rise in price followed by a slow decline or sideways movement. Currently, we are testing the water dipping into the last big historical resistance band. We saw a drop into it this morning with a decent spring back above it. We've moved below EMA 100 and EMA 200 . We've been above this for a month now with the last dip to EMA 100 during the big Sept drop, leading to a quick rebound. Stoch is bottoming out, could see beginning of a reversal forming soon. MACD shows a shrinking downward trend. BUYING IN? Keep an eye on it! but not buying in right now. Big potential for gains after we leave the downard channel and running into resistance and EMA levels here in promising. Will need to see how the market plays out to see whether this is the buy time or not. If this resistance breaks we could see bigger declines, so don't buy in too big too early and get bit. When we leave the downward channel, it's game on. Potential for 150% profit long term. I've put some TP's below based loosely on previous resistances, use at your discretion ;) TP's : 0.52, 0.65, 0.95 SL : 15-20% Max Aim for the moon, if we miss we land among the stars. Or asphyxiate. I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Feedback, criticism and crude humor are welcome :)
Long
by cryptosince1963
4
ZRXUSDT AnalysisI am neutral on ZRX at the moment while EngineeringRobo remains Bearish. If you are currently holding ZRX at the moment, You should consider holding to sell at the resistance level (0.73) or with EngineeringRobo sell signals If you are planning to buy, wait for EngineeringRobo buy signals or buy at the support level (0.37) or at uptrend support line. No matter which level you are buying, watch EngineeringRobo signals carefully. If you are wanting to use EngineeringRobo, DM me!
by DanFox0x7C6
2
ZRXUSDT > Simple Structure Trend Trade!!Friends, like my idea, if it is helping you and leave a comment, it will support me and provide a motive to keep posting new profitable trading ideas for you 😉⠀ Analysis of #ZRXUSDT simple structure trend trade, if price makes a retracement around 04500 will look to get involved in a long trade Check today analysis below⠀ _____________________________________________________________________________⠀ -DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀ -⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Long
by TheTradersAvenue
11