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ZRXUSDT.P trade ideas

🚀 ZRX Breakthrough: Double Bottom Pump to $1.1 !In the realm of decentralized exchanges, 0x (ZRX) has been a pioneer, and its recent chart dynamics are capturing attention. After an extended period of forming liquidity above a stubborn downtrend line, ZRX has staged a remarkable comeback. The charts now reveal the successful completion of a substantial double bottom pattern, accompanied by a breakthrough of a key resistance level that has now transformed into a support. Let's delve into this transformative journey. Chart Analysis: ZRX's Persistent Liquidity and Double Bottom Formation For a considerable duration, 0x (ZRX) exhibited a distinctive characteristic—forming liquidity persistently above a downtrend line. This showcased resilience and laid the groundwork for the subsequent chart development. The real turning point, however, came with the emergence of a substantial double bottom pattern, signaling a potential shift in market sentiment. Breakthrough Moment: Overcoming Resistance, Establishing Support The significance of ZRX's recent breakthrough cannot be overstated. The cryptocurrency successfully breached a key resistance level, and what was once a barrier has now evolved into a crucial support zone. This transformation is indicative of a shift in the balance of power, potentially setting the stage for a sustained upward move. Price Target: Setting Sights on $1.10 With the completion of the double bottom pattern and the establishment of a newfound support level, chart analysts are eyeing an initial price target of $1.10. This level is derived from the technical implications of the double bottom pattern and represents a milestone in ZRX's journey to reclaim higher valuations. Trading Strategy: Navigating the ZRX Chart Renaissance Traders and investors closely tracking ZRX's chart dynamics might find strategic opportunities in the wake of this transformative pattern. The establishment of a new support level opens avenues for tactical entry points, with an eye on potential upside movements. Conclusion: ZRX's Resurgence 0x (ZRX) has undergone a significant chart transformation, transitioning from persistent liquidity formation to a triumphant double bottom pattern. As it breaks through resistance, now turned support, the cryptocurrency signals a potential resurgence. 🚀 ZRX Analysis | 💪 Double Bottom Triumph | 🎯 Target: $1.10 ❗See related ideas below❗ What are your thoughts on ZRX's chart evolution? Share your insights, strategies, and price predictions in the comments! As ZRX sets its sights on higher targets, the crypto community anticipates an exciting journey ahead. 🌐🚀💚
Long
by Yaroslav_Krasko
ZRX/USDT Retesting phase to continue upward movement. 💎 ZRX has undeniably captured significant attention in the market. Currently undergoing the retesting phase within the support area after a notable breakout from the pattern and resistance, marked by a surge in green bullish candles. 💎 Anticipating ZRX's approach to the support level in the near future, there's a likelihood of either rejection or a bounce from this level, probability it back into an upward movement and targeting our supply area. 💎 However, if the scenario deviates from expectations and ZRX fails to bounce, leading to a breakdown of the support area, the potential downside could extend to the next lower demand zone at $0.317. In this situation, ZRX would necessitate a bounce to reclaim the resistance area at $0.390. Failure to regain this area might result in ZRX breaking through the demand level, continuing its descent towards a robust support area.
by MyCryptoParadise
4
ZRX Breakout the descending broadeningDescending Broadening Wedge Pattern Explained A descending broadening wedge chart pattern is a bullish reversal pattern. This pattern is created by two declining and diverging trend lines . A descending broadening wedge forms as price moves between the upper resistance and lower support trend lines multiple times as the trading range expands during the downtrend in price. Price should touch each line 2 or 3 times to be considered a valid pattern. This pattern looks like a megaphone pointing down and to the right. A descending broadening wedge is looked at as a bullish pattern as it forms but it is not validated as a buy signal until the pattern starts to make short term higher lows and higher highs and the upper resistance trend line is broken and price begins to move to the upside and above the upper trend line. As the descending broadening wedge pattern is forming trading volumes become most meaningful as the pattern breaks out above the upper trend line, this should happen on increasing volume showing that the chart is starting to go into an accumulation cycle.
Long
by Crypto-Adda_Official
1
ZRX Bull Run PlanConservative targets where to take profit GATEIO:ZRXUSDT Possible Targets and explanation idea ➡️ATH in 2018 marked. One more example not all coins beat ATH in new cycle ➡️Top was in Spring 2021 not in autumn. This is why a lot of people made a mistakes and waiting Lower and lower prices ➡️Fib correct till penny. We are from the top cam in to 27 zone accumulation stage ➡️539 days traded in this accumulation zone, now we got impulse to 0 lvl ➡️0.5 and 0.618 will be main fix % position with 1.45B mcap ➡️In this time we will see again macro in a world and crypto market condition in general to check potential continuation to new ath or it will be the last stage for this coin. ➡️ C4L showed you clear vision when whales accumulate and why) Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
Bitxer's Alert:ZRX/USDT Nearing Weekly Downside Break📉 **Bitxer's Trading Signal Alert!** 🚨 **Symbol: ZRX/USDT** **Position: Watch for Breakdown** 🔍 **Market Insight:** - ZRX/USDT attempting to break the weekly downside spot. ⏳ **Wait for Confirmation:** - Patience is key. Wait for the confirmed breakdown. 🎯 **Targets:** - All targets in front of you! 💼 **Best for Spot Wallet:** - Ideal for spot wallet holders. 📈 **Risk Management Tip:** - Consider futures trade with caution and proper risk management. 🚀 **Enjoy Bitxer's Signals:** - Trade wisely and enjoy the journey! Happy trading, Bitxer! 💹🌟📊
by Bitxer_PK
ZRX/USDT - 0x: Super Trend◳◱ On the $ZRX/ CRYPTOCAP:USDT chart, the Super Trend pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.3069 | 0.3474 | 0.4176 and support near 0.2367 | 0.207 | 0.1368. Entering trades at 0.2871 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: 0x ▣ Rank: 160 ▣ Exchanges: Binance, Bybit, Huobipro, Gateio, Mexc, Bittrex ▣ Category/Sector: Financial - Decentralized Exchanges ▣ Overview: 0x is a permissionless protocol to facilitate trading of Ethereum based tokens including ERC-20, ERC-721, and other Ethereum standards. 0x is not itself a decentralized exchange, but instead a system of smart contracts that connects liquidity providers and market makers in order to provide exchange functionality in a range of applications. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.2871 ₮ ▣ 24HVol: 4,637,944.833 ₮ ▣ 24H Chng: 7.007% ▣ 7-Days Chng: 5.08% ▣ 1-Month Chng: 47.07% ▣ 3-Months Chng: 35.78% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.3069 | 0.3474 | 0.4176 ◢ Support: 0.2367 | 0.207 | 0.1368 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 3.98 ▣ Last 90D: 1.77 ▣ Last 1-Y: 0.44 ▣ Last 3-Y: 0.46 ◲◰ Volatility : ▣ Last 30D: 0.98 ▣ Last 90D: 0.83 ▣ Last 1-Y: 0.91 ▣ Last 3-Y: 1.21 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.61 - Bullish ▣ Reddit sentiment score is 0.46 - Bearish ▣ In-depth ZRXUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
ZRX FORMING A RISING WEDGE BINANCE:ZRXUSDT is forming a rising wedge, or a bearish wedge potentially could see a reversal from a day trading standpoint. In my technical analysis, the price has reached an essential key resistance level of $0.2720 or the .618 Fib retracement as shown in the chart below on a daily timeframe. RSI indicator is showing a bearish divergence wherein it forms a lower high and the price forms a higher high. Currently the price forms another higher high, the next resistance would be at $0.2967 if the price would push upwards based on the Fib retracement extension of 2.236. I could determine the next trendline as valid utilizing the back test process. If you're looking to trade this coin NOW, use this diagonal support as guide. It also formed divergence as well. If a breakdown confirmation happens, set partial take profits on the common support lines. I will try to update on that :) Always PLAN your trades and happy Halloween 🎃
Short
by luigi360swirl
ZRX/USDT Reclaimed the key area. Upward Momentum for ZRX ??💎 ZRX has undoubtedly garnered our attention. Presently, ZRX is navigating within a descending channel, having successfully reclaimed the demand zone and subsequently embarked on a notable ascent toward the $0.231 supply point, only to face rejection. 💎 It's conceivable that ZRX might retreat to the demand level for a retesting phase, gathering fresh momentum to breach the supply barrier. Should ZRX manage to puncture the supply zone promptly, it could potentially shatter the descending channel constraints, propelling itself toward a higher supply region. 💎 However, there's a precarious scenario at play. If, during the retesting, ZRX falters at the demand level, piercing through and closing beneath it, this would signal a bearish turn for ZRX. Under these circumstances, it's likely that ZRX would sustain its descent, steering toward a substantial demand frontier.
by MyCryptoParadise