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ZRX-0x- Descending Wedge breakout

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BINANCE:ZRXBTC   0x / Bitcoin
ZRX or also known as 0x is a protocol that powers decentralized exchanges. Very good project that had its up and in consolidation mode. Unlike other alts, it has been on a very nice descending wedge pattern throughout the bleeding. It is getting very close to the end of the wedge while finding support on fib levels. Alot of coins with similar pattern did fail and broke out the wrong way but with the market becoming more bullish the risk to reward ratio would be pretty good. It would be good to target a buy point when it actually breaks out or buy near the fib level and set stop losses. First target would be 0.618fib level and taking most of the profits and buying back in at the .500 fib level and target .786 fib level.

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