ZRXUSD
ZRXUSD is ready to moveZRXUSD has formed a bullish inverted head and shoulders for the last several months and it's ready to rear it's horns in this hot crypto market
If you know anything about ZRX then you'd know it's a darling protocol token with rock hard fundamentals
To be fair, my targets are conservative but if you know the BTC pairing then you know that this was a 10x last season.
Go out and make some money my peeps.
ZRX - inverted head and shouldersZRX has been forming an inverted head and shoulder pattern for many months now. Currently the right shoulder is nearing completion with the neckline sitting at ~0.3876, a close above that should trigger a bullish move to 0.4499 as an initial target.
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There is a possibility for the beginning of an uptrend in ZRXUSDTechnical analysis:
. 0x/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.289000 to 0.227000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.289000)
Ending of entry zone (0.227000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.415000
TP2= @ 0.484000
TP3= @ 0.618000
TP4= @ 0.700000
TP5= @ 0.861000
TP6= @ 1.056000
TP7= @ 1.253000
TP8= Free
There is a possibility for the beginning of an uptrend in ZRXUSDTechnical analysis:
. 0x/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.289000 to 0.227000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.289000)
Ending of entry zone (0.227000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.415000
TP2= @ 0.484000
TP3= @ 0.618000
TP4= @ 0.700000
TP5= @ 0.861000
TP6= @ 1.056000
TP7= @ 1.253000
TP8= Free
ZRX Medium Term Analysis0x looks good after retesting the $.26 accumulation zone once again. Currently coiling before the next leg to the upside possibly. I recommend waiting for a daily closure above the on $.38 zone for confirmation of the upside push. But as you can see there isnt much resistance above there.
* This is NOT Financial Advice*
ZRX/USD 1D inside previous EQ againIf you have any questions, ask in the comments section. If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :)
Edgy is providing online education & tools only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
ZRX Ready For A New CycleWelcome Back!
Who is ready for another altcoin ready to start popping off?
Today we will be discussing ZRX because this is one that's painting a perfect market cycle.
There are a couple key factors I look for when accumulating a market cycle.. I want to see new money entering the market indicated by volume, along with a breakout of the previous down trending resistance indicated by the last cycle, lastly, I want to see price at a cheap level where demand exists. ZRX has fulfilled all my indicators for buying a market cycle.
In this chart I have drawn my demand zone for accumulation. I don't find it likely that we break below the most recent low we created before the breakout of major descending resistance. With prices already showing accumulation in the rounded bottom, I find this scenario unlikely.
This coin was listed to coinbase a few months back which is when we saw the massive breakout in volume. Remember, noobs love to fomo into pumping coins. What do you expect to happen when they find a coin on Coinbase thats less than a dollar? Coinbase listing are a pretty solid backing with the average retail investor..
I started accumulating this at about 0.25 and will be looking to add to my bags the lower we retrace.
ZRXUSD Long Idea - 1st Wave Correction Soon To Be Finished ZRXUSD gently finishes its corrective move to the 0.28$ previous main support and could be bouncing to the 0.55$ range where i will take my profit. I entered a long trade @0.32 as price action suggested the Fibo 0.5 could be the final support for this corrective wave. If we get to the 0.28$, i will take the occasion to load more of it. ZRXUSD has showed a bottom set up and this price could be a very good R/R.
This is not a trading advice
ZRX double bottom?ZRX doesn't look the greatest right now but it could very well be forming a double bottom here near the lows
Sitting right at support, a strong move away from this demand zone could spell some very nice upside in the coming weeks
A break to new lows could spell problems and the trade would be cut
Thanks guys!
Excitement for the coming weeks0x looks very bullish to my mind and hopefully the scenario will play out in our favour. the price movement is directed towards the 200ma line and hopefully will break through it. slowly but surely it will reach the previous price levels. i think the next few weeks will be exciting.
well, they have to, i need a new notebook ;)
Important price levels (by my estimation):
0.44
0.50
0.55
this is not a trading advice, you trade at your own risk!
ZRXUSDT SignalZRXUSDT is moving through a consolidation phase, and has had a strong bounce from the bottom of its trend channel. StochRSI is reversing. We target a return to the upward trend.
Buy: 0.3400 - 0.3430
Target 1 - 0.3535
Target 2 - 0.3660
Target 3 - 0.3776
Target 4 - 0.3884
Stoploss: 0.3298