0xeth
0x (ZRX)This one is facing a case of old support becoming new Resistance
Only buy break above old support (red line)
And use the line as a stoploss
Bearish
0x Inverted Descending Scallop11/56 success rate in a bull market.. Looks like an inverted J. Stochastic RSI can be seen to be overextended suggested a price reversal, MACD is also rising which looks promising. 4Hr chart.
Simple linear regression trading exampleIn the post I have outlined a simple method for trading using linear regression, note it is difficult to establish strong R values on many coins due to many's stagnant nature recently, this method is a very reliable way to make some mula.
Give me feedback in the comments please, let me know if it was useful !
0x LRegressionHaven't seen much movement from 0x as of late, linear regression showing a good setup.
There is a trading opportunity to buy in ZRXETHTechnical analysis:
. 0X/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
. The RSI downtrend and the price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00235 to 0.00216). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00235)
Ending of entry zone (0.00216)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00251500
TP2= @ 0.00271600
TP3= @ 0.00315000
TP4= @ 0.00350300
TP5= @ 0.00385700
TP6= @ 0.00411500
TP7= @ 0.00451100
TP8= @ 0.00500000
TP9= Free
There is a possibility for the beginning of an uptrend in ZRXETHTechnical analysis:
. 0X/ETHEREUM is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00284000 to 0.00267000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00284000)
Ending of entry zone (0.00267000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00344000
TP2= @ 0.00362000
TP3= @ 0.00385000
TP4= @ 0.00415000
TP5= @ 0.00451000
TP6= @ 0.00500000
TP7= Free
There is a possibility for the beginning of an uptrend in ZRXETHTechnical analysis:
. 0X/ETHEREUM is in a down trend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00284000 to 0.00267000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00284000)
Ending of entry zone (0.00267000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00344000
TP2= @ 0.00362000
TP3= @ 0.00385000
TP4= @ 0.00415000
TP5= @ 0.00451000
TP6= @ 0.00500000
TP7= Free
