Playing field for ZRX: where oh where will price go?!

POLONIEX:ZRXBTC   0x / Bitcoin
Just to give you a framework in which you can further analyse ZRX price movements. I drew the Fibonnacci retracements, and illustratively, you can see that I highlight both a high and low testing in the same candle stick. Moreover, the Pitchfork analysis gives you additional support and resistance level between which the price is moving.

Just before posting this, there was a bullish cross in the MACD 2h chart, coinciding with the "low testing" highlighted in the graph at 8am on 16/01/2018. This is generally very bullish short term and you can see the price move up. So I was just a little late on calling it! :) But nevertheless, here you have the rationale behind it and maybe you can buy it next time when it happens or just before.

Furthermore, we see the 4h chart moving in on a bullish cross in the MACD , supported by the CCI . I have to say that for the moment I am neutral to perhaps slightly bullish , but you can see that the price is still in the negative trend channel for the moment and we might want to sit this one out while the market is doing its swing dance :-)

Just a bedtime story in technical analysis ;-)

PS: something similar happening with SolarCoin, have a look there as well!
Bình luận: Note that short term, our bullish prediction became truth - see graph below. Note again that it is now testing the Fibonnacci 0,236 resistance. Quite difficult to break that one given the current market volatility. Which brings us to the daily (see next comment)

Bình luận: The daily chart shows us a death cross in the MACD and overbought signals in the very high range of the CCI: caution! The short term bullish character as described in the initial post above could rapidly transit to a bearish move.

See updates on this graph in the comments above: the short term bullish character became truth, now we have to pay more and closer attention to the daily MACD death cross and bearish CCI signals again
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất