Nice Channel For ZRX - Possible 25% Gains
Overview
- Overall ZRX is showing a nice channel where accumulation could be going on. Currently at a low-risk entry. Let's start from the top!
Price Chart
- This trade may require a little bit of patience as I think it'd look best if the MA lines(green/yellow) move closer to the current support of $2.04
- If BTC begins to dump ZRX could see $1.83 so patience is key here
RSI
- RSI looks great. Bouncing off the lowest value(shown by yellow line) always has the possibility to have a breakout
- If breakout does occur RSI has plenty of room to grow
Stoch
- Stoch value is low. Lower the value the more likely ZRX will see higher prices
Extra Info
- Learn about ZRX here: 0x.org/
- ZRX VOLUME: coinmarketcap.com/currencies/0x/
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
FOLLOW for important updates for this coin and helpful trading strategies 🏆
Would also like to know your thoughts! Remember this is not financial advice, however, it is an overview of what I am seeing in this coin's price action.
- Been working on a COMPLETE trading guide so stick around for when that'll be released! Currently has:
* OVER 70+ Basic/Advanced Trading Terms
* Trading Concepts to Help Jumpstart Your Trading For Any Experience Level
* TONS of Trading Patterns with Homemade Examples/Videos
* HUGE Range of Indicators That'll Teach You the Inner Workings AND How to Use Them to Boost Your Profits
-Happy Trading
MoneyGrind
- Overall ZRX is showing a nice channel where accumulation could be going on. Currently at a low-risk entry. Let's start from the top!
Price Chart
- This trade may require a little bit of patience as I think it'd look best if the MA lines(green/yellow) move closer to the current support of $2.04
- If BTC begins to dump ZRX could see $1.83 so patience is key here
RSI
- RSI looks great. Bouncing off the lowest value(shown by yellow line) always has the possibility to have a breakout
- If breakout does occur RSI has plenty of room to grow
Stoch
- Stoch value is low. Lower the value the more likely ZRX will see higher prices
Extra Info
- Learn about ZRX here: 0x.org/
- ZRX VOLUME: coinmarketcap.com/currencies/0x/
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
FOLLOW for important updates for this coin and helpful trading strategies 🏆
Would also like to know your thoughts! Remember this is not financial advice, however, it is an overview of what I am seeing in this coin's price action.
- Been working on a COMPLETE trading guide so stick around for when that'll be released! Currently has:
* OVER 70+ Basic/Advanced Trading Terms
* Trading Concepts to Help Jumpstart Your Trading For Any Experience Level
* TONS of Trading Patterns with Homemade Examples/Videos
* HUGE Range of Indicators That'll Teach You the Inner Workings AND How to Use Them to Boost Your Profits
-Happy Trading
MoneyGrind
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