OX Price Prediction Today: Daily (ZRX) Value Forecast – July 11
- The short and medium-term outlook is in a bearish trend.
- Selling opportunities around pullback areas may be considered.
ZRX/USD Medium-term Trend: Bearish
Supply zones: 0.3600, 0.3800, 0.4000
Demand zones: 0.2000, 0.1800, 0.1600
The cryptocurrency medium-term outlook is a range-bound. The downward movement predicted with the range did occur with the bears breaking the lower demand area at $0.2700. ZRXUSD dropped further down to $0.2573.
A retest of the broken demand area now a support occurred as the bulls pushed price back up to $0.2825 and closed the day as a bearish spinning top.
The bears sustained the momentum as the session opened today at $0.2698 as the cryptocurrency drops initially to $0.2606 and further down to $0.2480 in the demand area.
A minor pullback may occur in the market this would be a correction and a confirmation of the downtrend.
The signal of the stochastic oscillator points down at 14% in the oversold region suggesting a downward price movement in the medium-term.
ZRX/USD Short-term Trend: Bearish
The cryptocurrency is in a bearish trend in the short-term outlook. The lower demand area at $0.2800 was broken with a large bearish candle pushed price down to $0.2573 in the demand area.
A retest was attained before the end of yesterday session as the bulls pushed the coin up at $0.2816 created the first bearish flag.
The 1-hour opening candle at $0.2700 was a bearish spinning top an indication of bears gradual returned. The break at the lower line of the flag confirmed the bears' takeover in the short-term.
ZRXUSD dropped to $0.2487 as the bulls push price up thus creating another the second flag.
Price lies below the two EMAs and stochastic oscillator signal points down at 14% in the oversold region, an indication further downward price movement in the supply area.
Live 0x (ZRX) Price:
1 ZRX/USD =$1.9513 change ~ -2.69%
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