ZRXUSD
ZRXUSD has formed bullish butterfly | Upto 203% possiblePriceline os Ox / US Dollar has formed a bullish butterfly and entered in potential reversal zone.
RSI is oversold.
Price action is also hitting at the support of lower band of bollinger bands.
Volume profile of complete pattern is showing weak interest of traders within PRZ area.
From here the price action will take bullish divergence soon insha Allah.
I have used Fibonacci sequence to set the targets.
Buy between: 0.1721 to 0.1106
Sell between: 0.2199 to 0.3356
Regards,
Atif Akbar (moon333)
ZRXUSD: A Coinbase ChaseZRXUSD is the first alt we have looked at where we feel that strength begets strength.
In ZRXUSD resistance is at $.026. That may only hold temporarily as the up move may target the high of the previous 4th wave near $0.40.
Bottom Line: Coinbase users that missed the Stellar spike may pour into ZRXUSD until it reaches $0.40. There are so many Coinbase users that ZRXUSD may not need a fundamental reason to go up beyond.
It's a Coinbase chase.
Spring in Septemberzrxusd is, if you go by the wyckoff method, almost finished with the accumulation phase. what we see here is the beginning of a new trend. if my assumptions are right, it could come to a rapid price increase in the next days.
if you take the last part out of this pattern, you will see a falling wedge with a breakout and retest of the trendline.
the last image is displayed logarithmically. potential price targets are shown.
ZRX is going to pop!It has been in a descending triangle for over a year now. Also found support from levels in NOV 2017. A bit more accumulation will happen but a big move is going to happen! Be patient and you will be rewarded!
ZRX/USD swing trade: imminent breakout 50% potential upsideZRX/USD is currently consolidating under resistance and it looks ready to breakout in the near term.
There has been series of higher lows and multiple retests of a weekly order-block. If it were to impulsively break through the order-block there's a good chance we could expect a ~50% increase in price up to the red line(53 cents).
I usually don't care for alt coins but the overall macro structure for ZRX is looking very bullish and it would be a good swing opportunity to take as long as the market (especially bitcoin) continues to be bullish. I wouldn't use a large amount of capital.
Big Thinks in July for the crypto market....#ZRXAfter the "bull run" of 2017 and the "Bloodbath" of 2018, the #cryptomarket has returned to a precious zones call "Accumulation Zones" with only the projects who deserves to survive. But we have a big difference as you can see in the #ZRX chart the "Accumulation Zone" is bigger than the accumulation before the bull run of 2017..!! With a simple trend line from the all time highs we can see that the breakout is near so can we see a lot of volatility in the next months.
ZRX ready to rocketI have been monitoring ZRX for long time and covered some of the short-term trades before, but now I’m more interested in the long run as we might have a bullish reversal which could bring higher prices.
Looking at a chart from NOV 18 to MAR 19, you can see the price made lower lows while RSI made higher highs – I marked the pattern with arrow and blue vertical lines. Now, let me explain RSI indicator first, before going into details.
RSI is an extremely popular indicator that has been featured in a number of articles, interviews and books over the years. It is a momentum oscillator that measures the speed and change of price movements. I use it often to identify divergences.
Divergences signal a potential reversal point because directional momentum does not confirm price. A bullish divergence occurs when the underlying security makes a lower low and RSI forms a higher low. RSI does not confirm the lower low and this shows strengthening momentum. The opposite of that would show bearish divergence.
ZRXUSD made bottom twice and from there made higher highs all the way to the corner of descending triangle. The gap from the triangle could be very powerful, given the fact we have vitnesed long bearish trend. I’m long on the trade and looking at $0.5 as my first target. I will cover the trade when we get the momentum going – first we need to see a clear break from $0.4 region.