ZRX - The sleeper

13 ก.พ. 2019

Hello everyone! For teh Salesman's 100th idea and to celebrate 150k total profile views, I have decided to do a light analysis on a potential sleeper coin - ZRX!

ZRX has formed a minor falling wedge, and is showing a potential Adam and Eve double bottom WITHIN said wedge with significantly higher RSI. RSI levels on the 4h and daily are showing bullish divergence with pending potential oversold rejections. RSI is also beginning to show buyer strength consistently growing, while falling, for the first time.....ever. MACD on the daily has shown massive bullish divergence forming since June.
The 1.618 rejection extension of the previous move also lies directly beneath current price support, which should at least produce a decent bounce.

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RSI shows a few interesting signs.

First, on the daily bull pressure caused the RSI to rise while the highs were falling. This divergence shows that buyers are definitely present and growing in strength.
Second, 4H RSI and 1D RSI are at 30, staring a potential oversold rejection in the face for the first time since September. After the oversold rejection on the daily in September, ZRX went on to gain 120% sat value.
Third, we are seeing strong bullish divergence emerging WHILE hovering around oversold, usually a good sign.
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MACD
4H MACD shows bullish divergence since late January.


1D MACD shows strong bullish divergence forming since June.


Third time's the charm I think. There is a pattern I've noticed in indicators such as the MACD and RSI where the third volatility move usually produces a fairly significant gain once buying momentum is established.


Fair warning, if Bitcoin fails to hold support + especially follow through from the bulls this idea will probably be invalidated. The strongest buy in ZRX at the moment in my opinion is when Bitcoin has a fresh dump but catches support. ZRX VERY closely follows Bitcoins movements so if Bitcoin does have follow through on the current bull flag, this coin will *MOVE*.
I strongly suspect the new daily open TODAY for ZRX will be a very determining factor in the short and mid term movements.
Keep a very close eye on Bitcoin and ZRX for at least the first 30 minutes of this new daily open for best results.
LET'S GO ZRX!

14 ก.พ. 2019

บันทึก

In my OPINION, this area is the time to buy.
Volumes are starting to expand pretty nicely.

14 ก.พ. 2019

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That volume tho o.0

14 ก.พ. 2019

บันทึก

yassssssssssssssssssss

14 ก.พ. 2019

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omg even better

has a LITTLE more room to go down but I think she's gonna reverse hard within the next day

14 ก.พ. 2019

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Do or die time for ZRX

14 ก.พ. 2019

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WE HAVE A DILDO on HIGH VOLUME!
VERY high volume. This is the 2.618, so this would indicate a possible 5th wave downwards. An ABC up should be next followed by impulse.
Let's see how this pans out. Will keep this updated.

15 ก.พ. 2019

บันทึก

Interestingly, support was found on the weekly chart, right where ZRX started.
If this doesn't produce a bounce, I don't know what will.

Weekly RSI shows hidden bullish divergence over a VERY long time frame.


Daily showing bullish divergence


6h showing bullish divergence in RSI as well as a looming bullish cross on the MACD:


4h showing bullish divergence as well as a confirmed bullish MACD cross:


Another very interesting tidbit I found while looking for bearish/bullish cases:
"4,000,000 ZRX ($920,000.00 USD) transferred from Unknown wallet to #Binance "
This was shown on a whale twitter bot. This could mean that ZRX has much much further to go down, OR it could also mean that this amount was transferred to Binance to use as calculated resistance. I've seen large large large amounts of Crypto transferred before and it almost always ends up in a rally. Considering we are showing some SOMEWHAT bullish signals, I'd like to believe the coins that were moved will be used to build walls of resistance. This would technically mean that ZRX is READY. We'll see.

17 ก.พ. 2019

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So far, so good.
Healthy, slow growth at this point it seems like.
ZRX recently had a bullish crossover of the 9 + 25d EMA's on the 2h.

Price was able to actually rally above the 100d MA, and has so far held it as support.
These are very early signals yet, but I think ZRX could be on it's way.
With bullish divergence that has been building, along with a bullish MACD cross on the daily, I think we're set for at least a bounce.


The RSI is showing we are at resistance, coincided with the daily showing that we are just above the 9d EMA. If we are able to hold support for the next few days, I believe ZRX will at least move on to test the 25d EMA next at around 7k.

17 ก.พ. 2019

บันทึก

4H short-term EMA crossing,MACD attempting to cross neutral zone, and currently printing a doji. I believe there is some short term downside coming soon. That said, if price can hold local support I think we'll see some fireworks in coming days.
Things look great so far for this coin.

17 ก.พ. 2019

บันทึก

RSI is showing a gorgeous rounded bottom.
With the prior drop and this one combined this is a gorgeous double-bottom in the RSI.
In the 8h timeframe, we can see that not only are we above 50 RSI, but we are also above weekly RSI resistance. If a successful 40-50 RSI re-test can be established, it's off to the races.


Just something I noticed. I think ZRX has actually already technically broken out of its bearish pattern, but it has been suppressed for accumulation at lower levels. The trendline above where we are now should act as firm resistance. A break above with a successful re-test for support would be very bullish. I don't expect this level to be even attacked yet for at least another few weeks though.

17 ก.พ. 2019

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Ugh. Gotta love Bitcoin... :|

17 ก.พ. 2019

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Will she hold? Next target for wave 3 would be 6,800 sats.

17 ก.พ. 2019

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Pretty sure we just got both of our answers.
HS invalidated.
ZRX is making a move, along with the rest of the market. Great signs :D