ZRX A Parabolic Bull Mess
Daily
Looking at our highest timeframe we see a parabolic mess…haha ZRX has recently broke out of its bullish channel, and is currently testing it for support. Stochastic RSI showing momentum is bearish, price showing otherwise. A daily close above 18000 sats activates our daily trade.
4Hour
Shifting over to our pattern timeframe we see price is forming a potential double top @ 17000 sats. Expecting price to come as low as 16250 sats, if price does not hold at this level expecting a drop towards 14000 sats. Stochastic RSI showing momentum is bullish.
Hourly
Finally looking at our trigger timeframe we see price is potentially forming an ascending triangle breakout. A 3rd bounce off 15300 sats confirms this, however there is hourly support 16300 respecting our horizontal and dynamic support. An hourly close above 17500 activates our trade.
Target 1: 20000 sats
Target 2: 25000 sats
Target 3: HODL…trust me
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