OX Price Prediction Today: Daily (ZRX) Value Forecast – July 22
- The short and medium-term outlook is in a range-bound market.
- Patience is required at this period of consolidation.
ZRX/USD Medium-term Trend: Ranging
Supply zones: 0.3600, 0.3800, 0.4000
Demand zones: 0.2000, 0.1800, 0.1600
The cryptocurrency medium-term outlook is in a range-bound market. The bulls had a successful ride to the target at $0.2500 as predicted over the weekend. The supply area at $0.2600 was the point of exhaustion with the close of the candle as a doji. This suggests a trend reversal as the coin consolidates.
The bears are in dominated the market within the range with today’s 4-hour opening candle at $0.2439. The coin was briefly down to $0.2398.
Price is hovering around the two EMAs and the signal of the stochastic oscillator pointing down at 36%. These suggest a downward momentum in price within the range in the medium-term
ZRXUSD is in consolidation and trading between $0.2600 in the upper supply area and at $0.2200 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
ZRX/USD Short-term Trend: Ranging
The cryptocurrency is in consolidation in the short-term outlook. The market opens on a bullish note at $0.2429 but lost momentum after a brief push to $0.2457 with the doji formation with the bears as the bears' control.
The signal of the stochastic oscillator pointing down at 66% and price is below the two EMAs crossover, an indication of downward momentum in price in the short-term within the range.
$0.2500 is the upper supply area while $0.2300 is the lower demand area. A breakdown or breakout in price may occur, hence patience should be exercised before taking a position after retest.
Live 0x (ZRX) Price:
1 ZRX/USD =$0.7820 change ~ -4.50%
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