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ZRX/BTC Just Hit a Long-Term Bullish Buy Signal

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asteroids1.6 K4 years ago

https://images.hive.blog/DQmWfaYMbdfpUNUZhk4vPfLqgu4Y27MCqQuSk2scXZfEFSa/image.png

ZRX is an interesting cryptocurrency from a technical perspective.

Fundamentally, it is also solid. The project has many different aspects branching out from its ecosystem that allow the ZRX coin a few different features.

Since I'm more of technical onlooker, we can see in the above chart that a bullish buy zone has been hit in the past week.

This is the ZRX/BTC chart - not ZRX/USD.

So keep in mind that while the USD values might fluctuate, this trade is setting up well to bring in a profit in terms of SATs.

This is a longer-term buy signal. You can see in the above that it took over half a year for ZRX/BTC to play out before.

ZRX is a long-standing crypto and one of the first altcoins to be listed on Coinbase. It's also been benefiting from the rise of DeFi. As we approach another boom/bust in the broader cryptocurrency space, I think ZRX is going to outperform Bitcoin.

My buy level is set for 3475 SATs (just below the current price).

Posted Using LeoFinance Beta

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