OX Price Prediction Today: Daily (ZRX) Value Forecast – July 15
- The short and medium-term outlook is in the downtrend.
- Traders may consider selling at pullback areas.
ZRX/USD Medium-term Trend: Bearish
Supply zones: 0.3600, 0.3800, 0.4000
Demand zones: 0.1800, 0.1600, 0.1400
The cryptocurrency medium-term outlook continues in a bearish trend. The bears confirmed a continuation to the downside after the shooting formation a second retest of the broken demand area. Price dropped from $0.2782 in the supply area at the close of market on 12th July as exhaustion sets in. ZRXUSD plunges over the weekend to $0.2176.
Today’s 4-hour opening candle at $0.2212 sustained the bearish momentum as price dropped to $0.2013 in the demand area before the hammer formation an indication of bearish exhaustion as the bulls stage a comeback.
A rally to the 10-EMA at $0.2300 may occur due to the signal of the stochastic oscillator pointing up at 27% suggesting upward momentum in price before a resumption of downward price continuation in the medium-term. $0.1800 in the demand area is on the card.
ZRX/USD Short-term Trend: Bearish
The cryptocurrency remains in a bearish trend in the short-term outlook. The market opened with the bears sustained pressure with a large bearish candle with price drop to $0.2029 in the demand area. The bears' further downward push of the coin was rejected as price shot back up to $0.2263 a key supply area.
Bullish exhaustion at this key area with the shooting star formation suggesting the bears' return for continuation.
Price is below the two EMAs at $0.2160 and the signal of the stochastic oscillator pointing down an indication of downward momentum in price in the short-term with $0.2000 in the demand area is up for a retest.
Live 0x (ZRX) Price:
1 ZRX/USD =$0.5313 change ~ -21.93%
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