OX Price Prediction: Long-term (ZRX) Value Forecast – July 21

  • ZRX/USD market has been having a series of choppy price movements around the $0.25 point with the $0.2 line serving as its lower zone.
  • Traders should now wary of shorting positions around both the $0.25 and $0.2 price territories.

ZRX/USD Long-term Trend – Ranging

  • Distribution territories: $0.35, $0.4, $0.45
  • Accumulation territories: $0.15, $0.1, $0.005

The market worth of ZRX/USD has now entered range trading zones found around $0.25 and $0.2 market territories. In the recent past of this market operation, the long-term trend was in a bearish until July 14. Since the succeeding trading days, the pair has had a series of choppy price movements around the $0.25 point with the $0.2 line serving as its lower zone.

The 14-day SMA indicator has bent downward south at $0.25 underneath the 50-day SMA indicator that is at a high point at $0.3. The Stochastic Oscillators have now been consolidating around range 20. That indicates the downward moves haven’t complete.

The ZRX/USD market has reached critical lower trading territories that the bears’ trap may in the long run come to be. Therefore, shorting of further trading positions should now be wary of by traders around both the $0.25 and $0.2 price territories. The crypto-trade may equally use those zones for a line range of price movements.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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