ZRXUSDT.PS trade ideas
Corrective wave C is coming to the final phaseZRX is clearly in the corrective pattern. From ATH in mid-April (2.38) price went down to 1.24 when Elliott wave A has ended. From that point onwards it bounced back to 2.22 which is exactly 0.9 FIB retracement (by the book) which marked as the end of corrective wave B (also indicating this is regular flat). From that point onwards corrective wave C started and currently the lowest point was 1.55 which is exactly 0.618 FIB retracement of AB wave where we are now.
Going forward I see three option:
1. we have already reached lowest point and price might increase to 2/1 Gann fan line; if Gann line is not broken (in max. three attempts) that we will see another decrease (if price goes above 2.02, than we are most likely in see new ATH)
2. If price will go below 1.55 than it will drop to 1.24. At this point we will see how horizontal support is strong. Like above, if at that level 2/1 Gann fan line is broken (in max. three attempts) new impulse wave has started; if not, then we will see another decrease
3. If price will go below 1.24 than it should stop at 1.08. In this case it is very likely that price will not decrease further.
Since there were strong negative signals on the market in the last 24 hours, i believe that option 2 and 3 are more realistic. This will be clear in next 3 days.
ZRX ON THE ROAD TO 3$ANALYSIS ON ZRXUSDT 4H BINANCE CHART
SPOT TRADE IDEA
Ox PROTOCOL HAS ATH AT 2.4 $, THIS IS THE CURRENT RESISTANCE FOR ZRX .
I EXPECT A BULLISH MOVEMENT TOWARDS THE 3$ ATH SOON SO BUY AND HODL SOME OF IT.
I WILL UPDATE THE WHALE MOVEMENT AND THE STOP FOR THE TRADE IF NEEDED
IF YOU LIKE THE ANALYSIS DO LIKE IT AND FOLLOW ME FOR MORE UPDATES
ZRXUSDT. $ZRX. Fibonacci Extensions.I mistakenly did an analysis on $OXT thinking it was $ZXT. Obviously my analysis summary is to buy. Crypto is hot right now. I shouldn't feel bad for making money off the markets.
Anyway this was a fun chance to use some fib extensions. It's not often you get to use the 2.6 and higher. Another reason crypto has been such a treat. That makes a target of 4.7. That would be ok with me.
ZRX-USDT reached Swing high, now back to support!Hi!
Strong selling pressure around 2USDT might push the price back to ~1.85
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This is a personal opinion!
Don't be lazy and do your own research!
zrxusdtUpdate .This is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
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Simple yet powerful Tools at your disposal The Power of channel line combined with Support and Resistance is Phenomena.
You can see how beautifully price reacted to areas of support and Resistance and now is retesting the broken channel line in H1. Provided that support is shown we can aim for previous high.
ZRXUSDT Parallel ChannelZRXUSDT (4H CHART) Technical Analysis Update
Parallel Channel
ZRX/USDT currently trading at $1.92
Buy-level: Above $1.86 - $ 1.92
Stop loss: Below 1.79$
Target 1: $2.00
Target 2: $2.20
Target 3: $2.40
Target 4: $2.75
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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ZRXUSDTPERP - Long - Potential 14.16%ZRXUSDTPERP - Long - Potential 14.16%
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (1X)
Entry Zone:
1.8481 - 1.8929
Take-Profit Targets:
1) 1.9665
2) 2.1659
Stop Targets:
1) 1.7556
Trailing Configuration:
Entry: Percentage (0.0%)
ZRX-USDT(Level Breakout)0x is a liquidity aggregator that supports both fungible (ERC20) and non-fungible (ERC-723) tokens. Volume on the protocol stands at 375 Million at the time of writing. The volume is up ~7.5% on a 24 Hr basis.
In the trailing 90 days, the major hurdle in the upward journey of ZRXUSDT is present at $2 . While on April 9, ZRX broke out the level and seemed cherished to move to new highs, it proved out to be a Fake Breakout and ZRX again fell to the levels of $1.25 .
On May 6, ZRX on Daily Time Frame has again given a decent breakout above $2 and is more probable than earlier to move to new highs.
Key Levels to Watch Out For:
ZRX has been trading in a pattern somewhat similar to Cup and Handle Pattern and has given a breakout.
The support to the lower side is present at $1.95 while it may easily give a target of $2.84.
SELL ZRX/USDT @ 2.1134SELL ZRX/USDT @ 2.1134 @
Leverage: 5X
Exchange: Binance
ENT:$0.00000151
Risk: 1.6%
Entries: $2.1134
Take Profit: $2.0085 / $1.7887
Stop loss: $Stop: 2.2570
zrxusdtThis is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
Please support the idea by clicking the like button and expressing your opinion in the comment box
Leave a comment that is helpful or encouraging. Let's master the markets together
ZrxWe might be looking for a good rip here. I’m really waiting to see 2$ flip as support. The first long placed was 1.91 a hold support of 1.96 is solid but the ultimate test is 2$ confirmed break and hold as new support. First target is 3$
ZRXUSDT waiting for the breakout 🦐The price tested the daily resistance, and now is testing the daily support. IF the price will have a breakout from daily resistance, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
