ZRXUSDT trade ideas
0x lONGHello all.
I am still trying to apply my lessons on the chart.
it seems 0x will change the downtrend direction once he breaks 0.3900.
T1=0.4788 (22.66%)
T2=0.5750 (47.45%)
Thanks,
ZRX long. swing and pivot test. camarilla + CPR. this one is secretly getting bullish despite its looks. it actually doesn't have much resistance here. The cloud is flipping to green above. The price + RSI starts making high lows very quietly. and its weekly and monthly pivot both are untested which usually doesn't remain that way
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 :)
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!
ZRXUSDT 11 SEPTEMBER 2020 2213 Quite a substantial amount of selling without much evidence of accumulation/buying...
Bargain prices may be on their way.
Keep an eye on key resistance zones for exiting of positions.
ZRX/USDTZRX/USDT performed a price reversal exactly at point 0.78 of the Fibonacci retracement.
RSI, SMIIG, WT CROSS are possible in the daily period. Now, the price coming back above the EMA 20 while maintaining support for the EMA 100 will indicate an excellent profit possibility.
This is just my idea, always do your own research.
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
ZRXUSDT- Long - Potential 38.62%ZRXUSDT- Long - Potential 38.62%
Entry - 5474
TP1- 6293
TP2 - 6954
TP3 - 7614
SL- 4774
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ZRX USDT Long Looks like a perfect set upEntry 0.6272
SL 0.58
TP1 0.7 (50%)
TP2 0.75 (25%)
TP3 0.8 (25%)
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ZRX USDT LongZRX USDT Long
Looks like is on the way to a second wave
Entry 0.683
SL 0.6
TP1 0.8 (50%) then move SL up to 0.683
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