#ZRX #cryptocurrency at support while doom and gloom everywhere
What to do?
Chart is pretty self explanatory, with obvious signs of past support in the highlighted green region. Price level indicated would be the level at which I see last area of real support, underneath which the support channel may be invalidated by heavy selling pressure. I'd look to take half position here and half near 8750 Satoshis if we get there and would be surprised if it didn't hold. Given the current environment, anything is possible. 0x has had some good fundamental developments lately, so coupled with the TA, it's one of the more interesting trades for me.
I've been working on other projects and trading less because of the general environment, but some coins and the general environment seem to be approaching value-level areas which make trading/investing more palpable now. Of course, risk manage accordingly as we're certainly not in (and maybe not close to) a general bull market yet.
Chart is pretty self explanatory, with obvious signs of past support in the highlighted green region. Price level indicated would be the level at which I see last area of real support, underneath which the support channel may be invalidated by heavy selling pressure. I'd look to take half position here and half near 8750 Satoshis if we get there and would be surprised if it didn't hold. Given the current environment, anything is possible. 0x has had some good fundamental developments lately, so coupled with the TA, it's one of the more interesting trades for me.
I've been working on other projects and trading less because of the general environment, but some coins and the general environment seem to be approaching value-level areas which make trading/investing more palpable now. Of course, risk manage accordingly as we're certainly not in (and maybe not close to) a general bull market yet.
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Here we are now, time to find out if the demand will rise to the occasion here.
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Channel of support holding well, overall trade still in play .
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New chart posted with some additional commentary:
