OX Price Prediction Today: Daily (ZRX) Value Forecast – July 1
- The short and medium-term outlook is in a downtrend.
- Responsible selling may be considered.
ZRX/USD Medium-term Trend: Bearish
Supply zones: 0.3600, 0.3800, 0.4000
Demand zones: 0.2500, 0.2400, 0.2300
The cryptocurrency medium-term outlook is a bearish trend. The bears took control of the market for downward continuation at the 50.0 fib areas after the bullish exhaustion at $0.3279 shortly after yesterday opening. ZRXUSD fell to $0.3058 as the session ended.
Today 4-hour opening price at $0.2973 was a bullish candle with a push to a $0.3182 around the 50-EMA and the 50.0 fibs area a trend reversal zone. The bears returned was announced with a large engulfing candle as price dropped to $0.2828 in the demand area.
Price is below the two EMAs and the signal of the stochastic oscillator points down at 32%. Which suggest further downward price movement with a retest at $0.2786 and subsequent break down in price in the medium-term.
ZRX/USD Short-term Trend: Bearish
The cryptocurrency continues in a bearish trend in the short-term outlook. The formation of tweezer bottom shortly after today’s opening at $0.2912 signaled the bulls return although a brief one. $0.3161 in the supply area was the point of bullish exhaustion.
This was around the trendline. The presence of wicks returned the bears as price was down to $0.2862 in the demand area.
Price is below the two EMAs while the stochastic oscillator points up at 30% which suggest a minor upward price movement before downward price movement. $0.2800 in the demand area bears target in the short-term
Live 0x (ZRX) Price:
1 ZRX/USD =$0.8697 change ~ -0.35%
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