0x (ZRX), a leading decentralized exchange protocol.
Not a bad entry at current rate (a nibble to start building a position is acceptable).. but it looks like optimal entry will be between .886 (3387) and the 1hr gap level at 4435.
Technicals:
1) Momentum: *RSI in oversold zone (24.5), still looking bearish. *W%R oversold. *MACD bullish divergence is setting up, showing higher lows and higher highs.
2) Price: *Well in to our acceptable Reload Zone (.618 - .786 fib retracement). *V bottom adding to my belief we're not quite at the bottom yet. We should at least revisit the long tail at the previous low of 4710. *Inching its way down to a big 1hr gap level at 4435 (we've got bids set around here..) A move down to this level or even as low as the .886 tag (3387) would make sense. *Falling wedge continuing to form and compress, indicating a bullish breakout in the near term.
3) Volume: *Still much more selling than buying going on daily. *OBV indicating further money outflows with no signs of a bottom yet. If anything, recent increase in price and bearishness in OBV confirms further a short term bearish divergence and leads me to believe price is weaker than what we're told to believe.
Profit taking: Selling 50% each time value doubles with additional sells in the 13.3K - 16K zone.