0x ZRX/BTC Triangle Breakout Potential 35% + short term profit
0x has been undergoing a consolidation phase over the last 2 weeks after its meteoric rise.
We can observe a clear breakout attempt over the past day, as higher term frame indicators have reset and look to be ready for a new leg up.
It currently just finished a candle close above the 50ema on the 4hr chart, which is a very promising sign for potential continuation.
RSI approaching bullish territory.
Macd cross + first green histogram bar printed on the 8hr.
Daily stoch rsi has all but bottomed out and finally made a cross upwards. Potential points of profit are indicated in green.
All positive signs.
With the rest of the alt coin market going massively bull, this may be ZRX's time to shine and potentially set new highs.
Stop loss indicated in red.
This is not trading advice.
We can observe a clear breakout attempt over the past day, as higher term frame indicators have reset and look to be ready for a new leg up.
It currently just finished a candle close above the 50ema on the 4hr chart, which is a very promising sign for potential continuation.
RSI approaching bullish territory.
Macd cross + first green histogram bar printed on the 8hr.
Daily stoch rsi has all but bottomed out and finally made a cross upwards. Potential points of profit are indicated in green.
All positive signs.
With the rest of the alt coin market going massively bull, this may be ZRX's time to shine and potentially set new highs.
Stop loss indicated in red.
This is not trading advice.
Comment:
Target 1 hit!