Hi guys,
Our next trade is first one based more on FA (Fundamentals Analysis), then TA( Trading Analysis),... so lets go into it
FA:
ZRX is open source project implementing 0x protocol, which promises decentralized exchanges on Ethereum platform. It also have functions like our old BTC king (payments).
Since decentralized exchanges are more or less the hype new thing in 2018, we can see, that ZRX has a lot of backup and investors behind their project. Their start on exchange has been a huge success.
There is also a lot of hush, hush mentions in secret groups, that ZRX will be listed on Coinbase or at least many of new 3rd generation coins, that are based on 0x protocol, will be added to exchanges.
Now for TA:
As you can see, ZRX had a two great runs already. RSI is highly overbought, so it will/must consolidate for few days.
But remember! This coin has so much investors getting in right now and so much confidence in market, that new dip will not be as great as last.
So we will wait for RSI to get below 50-70 and then buy in this great coin for long time!
Our next trade is first one based more on FA (Fundamentals Analysis), then TA( Trading Analysis),... so lets go into it
FA:
ZRX is open source project implementing 0x protocol, which promises decentralized exchanges on Ethereum platform. It also have functions like our old BTC king (payments).
Since decentralized exchanges are more or less the hype new thing in 2018, we can see, that ZRX has a lot of backup and investors behind their project. Their start on exchange has been a huge success.
There is also a lot of hush, hush mentions in secret groups, that ZRX will be listed on Coinbase or at least many of new 3rd generation coins, that are based on 0x protocol, will be added to exchanges.
Now for TA:
As you can see, ZRX had a two great runs already. RSI is highly overbought, so it will/must consolidate for few days.
But remember! This coin has so much investors getting in right now and so much confidence in market, that new dip will not be as great as last.
So we will wait for RSI to get below 50-70 and then buy in this great coin for long time!