ZRXUSD by the book trade; looking for further gains.
Обновлено
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.
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.
Сделка активна
just like predicted, we are over ressistance and trade is active. Already +10%.Сделка активна
ZRX sits on support as marked, despite market drop, this coin is holding on very well. When market picks up, it will fly again...
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