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ZRXUSDT trade ideas

ZRX/USDT (Consolidation at Key Level Support)💎Technical Analysis Summary💎 BINANCE: ZRXUSDT -After the strong rejection at the 0.96$ resistance area -The price fell back to its key support area -This is an important key level since April 2019 -Is this a good buying opportunity? -Answer is No, why? because it is coming from a strong rejection -And this short consolidation range might be a Bear flag -So avoid the bearish potential, you need to wait until -The local resistance is broken upward around 0.42s area -That will invalidate the potential falg -But if you are looking to short the market -Simply wait for the support breakdown A big Thanks for donating 💰 via Tradingview coins this week to CITIZENCAINE 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
8
ZRX - When is this Thing Going to Move?!ZRX, buddy, you're making me look bad. We see on the chart we may have broken through previous bottom trendline dating back to march lows. Currently we're seeing a period of price consolidation. Higher lows since the last retest of Key support. Hesitant to call it because I've been waiting on this sucker to come back since it went down, but looks like we're nearing a potential breakout. Keep an eye on this, if it breaks support it will be down to next support, and leaving the march trendline worries me, but the market movement in general today makes me much more confident we'll see something good here soon. -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. If you don't like it, then leave like but do it with anger; I'll be able to tell the difference. Feedback, criticism and crude humor are welcome 🤙😁
by cryptosince1963
2
Ichimoku cloud doubled settings study(title="CM_Enhanced_Ichimoku Cloud-V5.2", shorttitle="CM_Enhanced_Ichimoku-V5.2", overlay=true) turningPeriods = input(20, minval=1, title="Tenkan-Sen") standardPeriods = input(60, minval=1, title="Kijun-Sen") specialAPeriods = input(120, minval=1, title="Kijun-Sen (auxiliary)") leadingSpan2Periods = input(120, minval=1, title="Senkou Span B") displacement = input(30, minval=1, title="-ChikouSpan/+SenkouSpan A") sts = input(true, title="Show Tenkan-Sen") sks = input(true, title="Show Kijun-Sen") sksA = input(true, title="Show Kijun-Sen (auxiliary)") sll = input(true, title="Show Chikou Span (lagging span)?") sc = input(true, title="Show cloud") cr1 = input(true, title="Show crossings Tenkan/Kijun") //Definitions for Tenkan-Sen (20 Period), Kijun-Sen (60 Period), Chikou Span (Lagging Line) donchian(len) => avg(lowest(len), highest(len)) turning = donchian(turningPeriods) standard = donchian(standardPeriods) specialA = donchian(specialAPeriods) leadingSpan1 = avg(turning, standard) leadingSpan2 = donchian(leadingSpan2Periods) //Crosses up/down Tenkan-Sen (20 Period) and Kijun-Sen (60 Period) crossUpTenkanKinjun = turning < standard and turning >= standard ? 1 : 0 crossDnTenkanKinjun = turning > standard and turning <= standard ? 1 : 0 leadingSpan1Above = leadingSpan1 >= leadingSpan2 ? 1 : na leadingSpan2Below = leadingSpan1 <= leadingSpan2 ? 1 : na span1plotU = leadingSpan1Above ? leadingSpan1 : na span2plotU = leadingSpan1Above ? leadingSpan2 : na span1plotD = leadingSpan2Below ? leadingSpan1 : na span2plotD = leadingSpan2Below ? leadingSpan2 : na col = leadingSpan1 >= leadingSpan2 ? #7D71FC : #E68F8F // bullish, bearish //Cloud Lines Plot Statements - ***Regular Lines to Fill in Break in Gap plot(sc and leadingSpan1 ? leadingSpan1 : na, title = 'Senkou Span A cloud', style=line, linewidth=1, offset = displacement, color=col) plot(sc and leadingSpan2 ? leadingSpan2 : na, title = 'Senkou Span B cloud', style=line, linewidth=3, offset = displacement, color=col) //Cloud Lines Plot Statements - ***linebr to create rules for change in Shading p1 = plot(sc and span1plotU ? span1plotU : na, title = 'Senkou Span A above Span B Cloud', style=linebr, linewidth=1, offset = displacement, color=col) p2 = plot(sc and span2plotU ? span2plotU : na, title = 'Senkou Span B below Span A Cloud', style=linebr, linewidth=1, offset = displacement, color=col) p3 = plot(sc and span1plotD ? span1plotD : na, title = 'Senkou Span A below Span B Cloud', style=linebr, linewidth=1, offset = displacement, color=col) p4 = plot(sc and span2plotD ? span2plotD : na, title = 'Senkou Span B above Span A Cloud', style=linebr, linewidth=1, offset = displacement, color=col) //Fills that color cloud based on Trend. fill(p1, p2, color=#361CCA ,title='Kumo (Cloud)') // bullish cloud fill(p3, p4, color=#CA1C59, title='Kumo (Cloud)') // bearish cloud //plots for 3 lines other than cloud. plot(sts and turning ? turning : na, title = 'Tenkan-Sen', linewidth=2, color=orange, transp=0) plot(sks and standard ? standard : na, title = 'Kijun-Sen', linewidth=3, color=blue, transp=0) plot(sksA and specialA ? specialA : na, title = 'Kijun-Sen auxiliary I', linewidth=2, color=black, transp=0) plot(sll and close ? close : na, title='Chikou Span (Lagging Span)', linewidth=2, offset = -displacement, color=#A900FF) //Arrow Plots At Tenkan-Sen (20 Period) and Kinjun-Sen (60 Period) plotchar(cr1 and crossUpTenkanKinjun ? leadingSpan1 : na, title="CrossUp Tenkan Kijun Entry Arrow",char='▲', color=black, transp=0, location=location.absolute, size=size.small) plotchar(cr1 and crossDnTenkanKinjun ? leadingSpan1 : na, title="CrossUp Tenkan Kijun Entry Arrow",char='▼', color=black, transp=0, location=location.absolute, size=size.small)
by YelloZ