OX Price Prediction Today: Daily (ZRX) Value Forecast – July 18
- The short and medium-term outlook is in the uptrend.
- Traders may consider buying with bullish reversal candles as confirmation in key areas.
ZRX/USD Medium-term Trend: Bullish
Supply zones: 0.3600, 0.3800, 0.4000
Demand zones: 0.2800, 0.2700, 0.2600
The cryptocurrency medium-term outlook is in the bullish trend. The bears lost momentum at $0.2035 as failure to retest $0.2013 in the demand area created the double bottom. This is an indication of bulls takeover with confirmation by a large engulfing candle at $0.2098.
ZRXUSD rose to $0.2404 in the supply area before the end of yesterday session.
Today’s 4-hour opening candle at $0.2273 closed as a doji after minor bearish correction which drops the coin to $0.2210 in the supply area.
Price is above the 10-EMA and the signal of the stochastic oscillator pointing up at 36%. These suggest an upward momentum in price in the medium-term with the resistance at the 50-EMA a task for the bulls to break as the journey up north continues.
$0.2500 in the supply area is the bulls initial target as the rally continues with $0.2700 as the next in the medium-term.
ZRX/USD Short-term Trend: Bullish
The cryptocurrency is in an uptrend in the short-term outlook. The tweezer bottom at $0.2035 in the demand area during yesterday session, triggered the bulls returned with price up at $0.2404 in the supply area before the end of yesterday session.
The rally was sustained after today’s opening market with the bullish railroad at $0.2213 after the minor retracement by the bears.
The signal of the stochastic oscillator pointing up at 72% and price up at above the EMAs crossover, an indication of upward momentum in price in the short-term with $0.2400 in the supply area as an initial target.
Live 0x (ZRX) Price:
1 ZRX/USD =$1.9947 change ~ 8.21%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.