0XUSD trade ideas
0X Protocol ZRX is currently in wave 4 of 5 wave movement however with BTC looking very weak and my bias of BTC down to $5200/$5000 are I can see more downside in the cards for ZRX as well. I can see us go down to the .618 where the 200 day EMA coincides with the new up trendline as well. This should provide a great support area and confluence area to take us the next leg higher to our D extension above $3.0
ZRX long term targetsBased on the Fibonacci levels, targets are assumed.
It is not a financial advice.
Only for learning purpose.
ZRX Possible RevearsalA head and shoulders pattern can be seen on the 4hr chart and which is a common indicator for bullish pattern turning bearish. I don't want to jump to conclusions by saying the market may be falling, but this is just another sign that it may that makes me more confident in that belief.
I will be holding USDT for now until I see smaller intra-day trades and try to buy in at lower prices.
ZRXUSD Buy Set UpAmazing opportunitty
ZRX
BUY @ 1.60
TP 1 2.00
TP 2 2.40
TP 3 3.80
TP 4 5.87
TP 5 8.66
SL 0.60
ZRX short term possibilitiesIt is likely that ZRX will touch the dotted trendline and continue lower, but if we do happen to see a break above that trend line, then we will likely reach the levels of $1.67.
If the price surges through that $1.67 level and uses it as a support level, then $1.75 will be the next stop. Let's see how this plays out.
ZRX: They say "buy the rumor" BINANCE:ZRXUSD
They say we should "buy the rumor"...
1. $ZRX meets Coinbase criteria for listing
2. 3 out of 4 of 0x’s advisors listed on their website are ex-Coinbase employees: Fred Ehrsam was a co-founder, Olaf Carlson-Wee was the first hire, and Lina Xie was a project manager.
3. Both 0x and Coinbase filed for Form D paperwork with the SEC back-to-back within 2 weeks time
3. Coinbase should, in my opinion, use the ZRX protocol to exchange its current and future ERC-20 tokens
4. Demand for decentralized cryptocurrency exchanges
5. The off-chain protocol of 0x considered as a breakthrough for scaling
6. It has been said that 0x executives have visited the Coinbase office (and their offices are an 8-minute drive from one another in San Francisco)
Just food for thought.
Feeling blessed
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ZRX Analysis 5/9/18I try to keep my charts simple, but with all the volatility going on right now, I wanted to draw out a few outcomes for ZRX.
Thick black lines indicate future possibilities for support and resistance. Not extremely important for intra-day trades, but still good to know where those major points are at.
A break above the green trend line will indicate a likely breakout toward $1.90. I'm optimistic and bullish on ZRX, so I think it will go higher, especially with the performance it's been having lately. A break below the red support line will indicate a break downwards in which it could be headed toward the major trend line (this does not mean it will be bearish). I have this on the 1h chart so we can watch it closely and wait for that breakout moment.
ZRXUSD by the book trade; looking for further gains.I usually pick fundamentally strong projects for my trading activities. I don't like to do technical analysis on weak coins. I added ZRX to my portfolio a while ago as I see it as one of the future best performers.
0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain and will be used for powering decentralized exchange. It came out in October 2016 and could become the future where all kinds of assets, stocks, currencies, precious metals, could be traded publicly on the blockchain as tokens.
From technical analysis perspective, ZRX token has formed a classical cup and handle pattern (marked red). A cup and handle pattern on bar charts resembles its namesake. The cup is shaped as a "U" (avoid patterns with more “V” look) and the handle has a slight downward drift. The right-hand side of the pattern typically has lower trading volume where price consolidates before it picks higher again.
Place a stop buy order slightly above the upper trend line of the handle and wait for a break out. A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level and extending that distance upward from the breakout. I market my first target at $2.3, but the final target I will reveal later. Blue lines indicate possible formation of handle. Strong support is on $1.5 level.
POLONIEX:ZRXUSD (calculated)A very powerful asset with a lot of potential, the chart shows a minimal positive movement balance.
0x PlayoutJust a little intra-day analysis. ZRX has been outperforming most other cryptos, so I wanted to get in on some swing trades. Here is a very short term chart for these next couple of days.
A candle break above the top line should trigger another breakout, but the candle must CLOSE above the line. the bottom line is there as a point of support and if the candle closes below that line, then be prepared for a break lower.
0x(0xproject) is so resillent so far
It is related to current hot issue regarding crypto space, decentralized market.
That could be 'hot potato' which RAIBLOCKS is used to be as 0-transaction fee, contrary to BTC in 2017 Q3~Q4 as so high transaction fee.
Plus, that seems backed by Coinbase, which is renowned in the crypto world and has huge potential.
I got it below $1 in April.
And it seems so resillient during the past retracement days, according to fibonacci lines.
Furthermore, it can be traded now in 1. Binance, 2. Okex, 3. Huobipro, 4. Bitfinex, 5. Upbit, as huge channel of liquidity provider.
0X , Hunt this long-term Buy opportunity for ZRXUSD.Technical analysis:
0X/DOLLAR is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 36.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (0.435 to 0.260), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.435)
Ending of entry zone (0.260)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.728
TP2= @ 0.854
TP3= @ 1.178
TP4= @ 1.435
TP5= @ 2.060
TP6= @ 2.529
TP7= Free
0XUSD ,TP2 hit with 2505420 profit. New Buy Opportunity...0X/DOLLAR
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
There is still possibility of temporary retracement to suggested support line (0.728), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.593040(day close price) based on reversal candle (Hammer) at 04.03.2018 .
Total Profit: 2505420
Closed trade(s): 395920 Profit
Open trade(s): 2109500 Profit
Closed Profit:
TP1 @ 0.728 touched at 04.05.2018 with 134960 Profit.
TP2 @ 0.854 touched at 04.17.2018 with 260960 Profit.
134960 + 260960 = 395920
Open Profit:
Profit for one trade is 1.014940(current price) - 0.593040(open price) = 421900
5 trade(s) still open, therefore total profit for open trade(s) is 421900 x 5 = 2109500
All SLs moved to Break-even point.
Take Profits:
TP3= @ 1.178
TP4= @ 1.435
TP5= @ 2.060
TP6= @ 2.529
TP7=Free
Technical analysis:
0x/Dollar is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 70.
0XUSD ,TP2 hit with 2505420 profit. New Buy Opportunity...0X/DOLLAR
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
There is still possibility of temporary retracement to suggested support line (0.728), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.593040(day close price) based on reversal candle (Hammer) at 04.03.2018 .
Total Profit: 2505420
Closed trade(s): 395920 Profit
Open trade(s): 2109500 Profit
Closed Profit:
TP1 @ 0.728 touched at 04.05.2018 with 134960 Profit.
TP2 @ 0.854 touched at 04.17.2018 with 260960 Profit.
134960 + 260960 = 395920
Open Profit:
Profit for one trade is 1.014940(current price) - 0.593040(open price) = 421900
5 trade(s) still open, therefore total profit for open trade(s) is 421900 x 5 = 2109500
All SLs moved to Break-even point.
Take Profits:
TP3= @ 1.178
TP4= @ 1.435
TP5= @ 2.060
TP6= @ 2.529
TP7=Free
Technical analysis:
0x/Dollar is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 70.
