ZRX has been in a major downward channel.
With the lower supports already tested, we've seen a press up past the next resistance, which are acting as a support right now. I suspect, if it holds, we will see a bounce to 9800 sats.
Two major conditions play into the second, and possibly even third, leg up:
1. Volume
2. BTC.
First leg looks good, but the second is doubtful unless the conditions above are met.
With the lower supports already tested, we've seen a press up past the next resistance, which are acting as a support right now. I suspect, if it holds, we will see a bounce to 9800 sats.
Two major conditions play into the second, and possibly even third, leg up:
1. Volume
2. BTC.
First leg looks good, but the second is doubtful unless the conditions above are met.
Trade active
Target 1 reached.Almost completed target #2.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.