ZRXBTC trade ideas
ZRX Still Climbing?The trend we are in right now looks very similar to the last time 0x spiked. It made a steady drop followed by a slight peak with no volume. This resulted in another hard drop before spiking again. Added to fact the last peak extended to 1.414, this climb seems to be more or less mirroring the decline of the last all time high. I expect 0x to climb to .000185 after falling to 0.000118
ZRXBTCWhat if this was EW and ABC correction is following? I'm willing to risk 5% and short part of ZRX I hold bellow point 5 with stop loss just above point 5 and drawn targets for profit talking. Final target is near point 4, which is also 0.618 Fib retracement of the whole EW.
Bigger picture:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
$ZRX, Come On Fellas…
Weekly
Looking at our trend timeframe we see price has left us with a higher low at 8000, our previous higher low was back on March 19, 2018. ZRX is now attempting to break out out it’s minor downtrend that started in May. Stochastic RSI showing momentum is in favor of bulls. Coinbase has confirmed ZRX being added to their exchange.
Daily
Shifting over to our pattern timeframe we price see has found support at 11000, leaving us with a better view of our higher low. ZRX now looking to leave a higher high, breaking out of our mind downtrend. A daily close above 12200 activates our trade, momentum in favor of bears. Leaning towards a daily close above this level sometime this week, after this it’’s only up…
We Told You - 70% Profits So Far On ZRXAccumulation Zone : 9500 sats - 10500 sats
Distribution Targets :
Target 4 : 16215 sats
Total Profits So Far : 70.5%
After the listing of ZRX on coinbase it showed an enormous gain today. We profited 70% in just 20 days which is a very good achievement in such reddish and unpredictable market behavior. Hope dear families of our team did gain a good profit from this call. Congrats.
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ZRX 4H UpdateZRXBTC 4H Chart is forming a channel, price goes up gradually.
After a huge pump in the price, the price was unable to break the 15k resistance, and price starts dropping.
Next support is 11682 & 10685 Satoshi,
On the upperside the next bigger resistance is 14500 satoshi.
RSI & MACD are also in overbought zone.
In 1D Chart the price was unable to break the Kumo of the Indicator ICHIMUKU CLOUD,
So little correction expected,
ZRX is listed on Coinbase Pro - 40% gain over the BitcoinOn the 11th of October, Coinbase has announced that ZRX token will be listed on the Coinbase Pro, although it is not yet available on the Coinbase.com website, Android apps and Coinbase iOS.
Market reaction to the announcement was extremely positive, and yesterday 0X has gained nearly 40% against the Bitcoin. Price has risen from 10440, up to 14550 satoshis, where it found the resistance in form of 561.8% Fibonacci retracement level. The resistance has been rejected cleanly and price dropped down fast.
Currently, ZRX/BTC is trading at 361.8% Fibonacci support, which was also rejected today, along with the upper trendline of the ascending channel. At this stage, there are no signs of a stronger correction to the downside. Quite the opposite, as the support is holding and the RSI rejecting the uptrend trendline, the upside momentum might get even more traction.
With the current price setup, ZRX is expected to move up again towards the 14.5k or even 16.8k satoshis resistance. Price might produce spikes below the 11730 satoshis level, but only close below that price would invalidate bullish outlook. In this scenario, the downside pressure would increase and price could drop down to 161.8% Fib support near 10k psychological support.
Support:
1. 0.000120
2. 0.000100
Resistance:
1. 0.000145
2. 0.000168
0x (ZRXBTC) Now on Coinbase: Massive PotentialWe've been enjoying massive profits with our ZRXBTC trade.
One of the main reasons I looked at this coin, is because it was on the list to be added to Coinbase. As you might know, Coinbase is the biggest BTCUSD exchange in the USA.
Having ZRXBTC added to Coinbase increases access to this coin which can help it increase in price as more people buy it.
This is just a friendly reminder.
Note: This is no trade advice.
Namaste.