Hello, Traders! Monfex is at your service and today we overview ZRX/USD.
ZRX shows us a good ascending movement and now we see the ascending triangle with the strong support lines of triangle, MA50, MA100. Stoch RSI enter the oversold zone. Classic Elliott Waves 12345 we can see on 6H chart below:
Two supposed trade signal below:
First Trade Signal by ZRX/USD
Buy by breakout near $ 0.3456
Take profit ~ $ 0.383
Stop loss at $ 0.313ORSecond Trade Signal by ZRX/USD
Buy near the support lines ~ $ 0.318
Take profit ~ $ 0.383
Stop loss by breakout the level of $ 0.30
Market Cap $196 349 375 USD
Volume (24h) $41 904 141 USD
Circulating Supply 601 198 566 ZRX
Share your thoughts, ideas about the market under the chart.
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Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.