18 November 2019 ZRX/EUR – Daily

Published 4 years ago on November 18, 2019

In this Daily chart of 0x/ Euro (ZRX/EUR), there is an appreciating range from 0.235426 to 0.2887.

We can see the price depreciated to the 0.246648 level (indicated by the blue up arrow), just below the 0.247999 area, representing the 76.4% retracement of the appreciating range.

We can see the price then appreciated to the 0.264000 level (indicated by the red down arrow), just above the 0.262063 area, representing the 50% retracement of the appreciating range.

Using RSI, we can see the slope of RSI (14) changed from negative to positive on the bar with the low of 0.246648, indicating a possible trend reversal. We can also see the slope of RSI Average (3) became less negative on the same bar, also indicating a possible trend reversal.

Stay on top of the cryptocurrency market with CryptoDaily’s trading charts!

https://charts.cryptodaily.net/

Investment Disclaimer

Sally Ho

Sally Ho trades cryptocurrency markets in size for large Asian institutional funds and provides technical analysis of popular trading pairs. Sally was a Macro trader with large Asian, European, and North American banks in Hong Kong and Singapore for several years, focusing on the FX, Metals, Energy, and Derivatives markets. Sally resides in Asia, London, and Switzerland.