0x is a very new coin although technically speaking it shows a good growth potential. I have been trading between $17 support and $24 resistance areas during the past four months. But finally, it managed to break above the $24 resistance and established a new high since September.
Prior to the resistance breakout, ZRX/USD broke above the 200 Moving Average where it found the support later. The Fibonacci applied to the corrective wave down after the Moving Average breakout shows that the upside target could be at 427.2% retracement level that corresponds to the upper trendline of the extended ascending channel.
Therefore, the uptrend continuation should be expected with the first target at $0.36. But if this resistance will be broken, 0x could go up to $1 psychological resistance and perhaps even higher. Pay close attention to the $0.24 support, as break and close below could send it back towards the $0.17 major resistance.
Prior to the resistance breakout, ZRX/USD broke above the 200 Moving Average where it found the support later. The Fibonacci applied to the corrective wave down after the Moving Average breakout shows that the upside target could be at 427.2% retracement level that corresponds to the upper trendline of the extended ascending channel.
Therefore, the uptrend continuation should be expected with the first target at $0.36. But if this resistance will be broken, 0x could go up to $1 psychological resistance and perhaps even higher. Pay close attention to the $0.24 support, as break and close below could send it back towards the $0.17 major resistance.
거래청산: 타겟 닿음:
First target reached, need to see break above to continue
코멘트:
Seems 0X Moon mission begun
코멘트:
0x at the support.... more buying probably
코멘트:
Going higher...
코멘트:
As projected it went higher
코멘트:
It seems 0X landed on the Moon finally, Mars next? :)