It is quick look at this pair. There is consolidation after pair reached another psychological level after 10k which is 5k. It seems that it has hard time to go lover. There is triple bottom formation on 1H chart which may suggest bullish movement in near term. I;m aware that it is very fresh chart and technical analyst shouldn't be apply here but if U look to...
Previous downward trend broken, but unconfirmed. We are setting site for resistance at previous support levels which will now play as resistance, 7200. If resistance is enough, we should see consolidation, but along new upward trend. This could be enough to get reversal. With enough momentum we could see 8500, and eventually 12700.
Overall ZRX is still...
If ox (ZRX) breaks through the resistance on the graph you will most likely see an uptrend to the white line, where it may correct short-term and then continue to grow further.
ZRX got dumped pretty hard after a first pump after listing on Poloniex.
Today we saw a break out of the downtrend and right now a correction and maybe a retest of the trendline.
I've heard several big players whom are expecting a big move up (pump). As far as I know, the fundamentals are O.K. for this coin.
Volume is low on Poloniex nowadays, good chance to get...
my limits at 6250ish (27 cents) didnt get filled yet. I got an alarm when it touched 7k but didnt buy in. I bought ZRX from the ICO at 5 cents and made huge gains with it. Now im looking to buy back in some. around 25/28cents sounds reasonable in terms of risk reward but im not sure if i can get it. so watch for now
ZRX continuing to trend downwards, as it finds bottom. With new lows, we draw new trend lines. Hopefully bottom will be no lower than .00005. Until then, expect it to stay in channel. If it breaks downward we could see .00003.
Falling wedge is usually a preliminary indicator that there will be a reversal coming. Keep your eyes out for a breakout.
**good fundamentals**
**rounded bottom forming**
**first coin to be added to poloniex in quite some time**
**Consolidation period of 2 weeks after market cycle**
**hyped and highly requested **
