ZRX has recently set a new all-time low against Bitcoin. Last time this happened in September 2019 after months of sales against Bitcoin, which back then just ended a short-lived bull run.
Soon after that low, ZRX bounced up by +40% a week. So now many traders are curious if this setup would happen again.
We’ve asked the following question on the Cindicator platform:
The cryptocurrency 0x (ZRX/BTC) settled at 0.00001298 BTC at 10:25 AM UTC at the binance exchange on Monday, January 11. In your opinion, will ZRX/BTC trade above 0.00001623 BTC (+25.0%) at any time before January 25?
Hybrid Intelligence (148,000+ analysts +AI) voted, producing this result: 48.58%
This means uncertainty is very high.
There is about a 50% chance of ZRX going up +25% against BTC over next week.
Of course, there is the same chance of this NOT happening…
It’s best to avoid entering positions now and keep watching what BTC will do: a continued sell-off might drag ZRX even lower.
Soon after that low, ZRX bounced up by +40% a week. So now many traders are curious if this setup would happen again.
We’ve asked the following question on the Cindicator platform:
The cryptocurrency 0x (ZRX/BTC) settled at 0.00001298 BTC at 10:25 AM UTC at the binance exchange on Monday, January 11. In your opinion, will ZRX/BTC trade above 0.00001623 BTC (+25.0%) at any time before January 25?
Hybrid Intelligence (148,000+ analysts +AI) voted, producing this result: 48.58%
This means uncertainty is very high.
There is about a 50% chance of ZRX going up +25% against BTC over next week.
Of course, there is the same chance of this NOT happening…
It’s best to avoid entering positions now and keep watching what BTC will do: a continued sell-off might drag ZRX even lower.
Trade closed: target reached