cev11
Long

ZRXUSD Long, Uptrend, Potential Breakout Soon

POLONIEX:ZRXUSD   0x / Dollar (calculated by TradingView)
FA: The number of relayers operating on the 0x Protocol is growing, yet general awareness of 0x seems to be low. Decentralized exchanges are gaining popularity, and people will migrate towards them in the future, which is good for 0x. They have a reliable, active, and dedicated team. Any sort of big news could open the floodgate.

TA: The downtrend seems to be broken. After stagnating around the .185 to .21 levels for a few weeks ZRX seems to be bouncing off support and resistance as it finds new lows around 0.22 . If ZRX breaks the long term resistance at 0.245 we could see a larger breakout to around 0.28 levels. If it pushes past the lower support we may see another return to 0.18 range.
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This is my first idea on Tradingview; I am not a professional; I am practicing TA on cryptocurrencies. Do your own research. Happy Trading!

I hold ZRX and, I am bullish on a midterm scale, primarily because of the FA above.
Kommentar: Breaks 0.245 Upward: Buy, Stop Loss 0.223
Breaks 0.215 Downward: Don't Buy
Kommentar: i was wrong
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