Panjang
0x Has x10 Potential
0x Coin found the bottom at $0.35 after which price broke the first downtrend trendline and then 50 Moving Average. However, currently ZRX/USD facing strong resistance, represented by the upper trendline of the descending channel as well as the major downtrend trendline.
It seems that it's only a matter of time before 0x breaks above, although it is better to wait for that confirmation. When/if that happens price is likely to start moving higher producing a new all-time high. The first resistance is seen near the $3 psychological resistance level, while the final target could be as high as $4 area, which is 161.8% Fibs.
On the downside, while price remains below the descending channel, consolidation could take place sending price back to the $0.45 support level, which is the breakout point of the downtrend trendline. And only break and close below $0.35 could invalidate bullish outlook.
It seems that it's only a matter of time before 0x breaks above, although it is better to wait for that confirmation. When/if that happens price is likely to start moving higher producing a new all-time high. The first resistance is seen near the $3 psychological resistance level, while the final target could be as high as $4 area, which is 161.8% Fibs.
On the downside, while price remains below the descending channel, consolidation could take place sending price back to the $0.45 support level, which is the breakout point of the downtrend trendline. And only break and close below $0.35 could invalidate bullish outlook.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.