Hello, dear members of LeoFinance!
Today I want to comment on the price chart of 0x (ZRX).
In the 4-hour chart (4H), ZRX/USD has already exited the Bullish Flag (typical trend continuation pattern). Also, the period of consolidation/correction may be viewed as a Descending Triangle instead of a flag:
As can be seen from the chart, the price of the cryptocurrency has already ready resumed the uptrend. However, right now it is facing resistance at the level of the local high of the flag and is consolidating. Nevertheless, it is highly probable that after some period of consolidation ZRX/USD will continue its upward journey.
To be continued ...
As of the time of writing, one 0x costs $1,99 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years and as a cryptocurrency analyst for the last almost 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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