OX Price Prediction Today: Daily (ZRX) Value Forecast – July 3
- The short and medium-term outlook is in a bearish trend.
- Responsible selling at pullbacks area may be considered.
ZRX/USD Medium-term Trend: Bearish
Supply zones: 0.3600, 0.3800, 0.4000
Demand zones: 0.2800, 0.2700, 0.2600
The cryptocurrency medium-term outlook is a bearish trend. The bears sustained the momentum as predicted with the target at $0.2786 in the demand area attained during yesterday session.
$0.2740 was the low of the day before exhaustion sets in which was denoted by wicks in the candles at the demand area. Price shot back up to $0.3038 before the end of the day as the bulls stage a return.
The market opened on a bullish note today at $0.2956 with the 4-hour candle closing as a bullish spinning after a push to $0.3083.
Price is within the 23.6 fib area below the 50-EMA which implies strong bears pressure on price in the medium-term for a downward continuation. A little push to the 38.2 fib may occur due to the signal of the stochastic oscillator that points up at 51% before the bears resume the downtrend continuation.
ZRX/USD Short-term Trend: Bearish
The cryptocurrency remains in a bearish trend in the short-term outlook. The tweezer top formed at $0.3123 shortly after yesterday opening at the trendline confirmed the bears' control of the market.
ZRXUSD dropped initially to $0.2807 and later to $0.2771 with the break of the two EMAs before the loss in momentum.
The bulls come back before the end of yesterday session pushed the coin up to $0.3009 in the supply area breaking the resistance of the two EMAs. With a sustained momentum as the market opens today price is up at $0.3022 around the trendline.
A bounce to the downside id expected as confirmed by the signal of the stochastic oscillator pointing down at 61%. $0.2700 in the demand area is the bears' target after the bullish exhaustion in the short-term
Live 0x (ZRX) Price:
1 ZRX/USD =$1.5922 change ~ -5.14%
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