ZRX making a perfect H&S pattern. This pair is looking like a sell.
1. Below red cloud
2. Blue above Green (ichimoku lines)
3. price below blue and green lines
4. A horizontal support below the 3 peaks usually means a downward trend
5. (biased) pair still needs more of a pullback
6. BTC is currently falling
7. 200 ema about to line up perfectly with H&S support line (15100)
8. Falling volume
Setting Sells at 15100 and more at the 14200 (yellow lines).
As much as I love ZRX, I think this pair is short-term bearish
1. Below red cloud
2. Blue above Green (ichimoku lines)
3. price below blue and green lines
4. A horizontal support below the 3 peaks usually means a downward trend
5. (biased) pair still needs more of a pullback
6. BTC is currently falling
7. 200 ema about to line up perfectly with H&S support line (15100)
8. Falling volume
Setting Sells at 15100 and more at the 14200 (yellow lines).
As much as I love ZRX, I think this pair is short-term bearish
Trade closed: stop reached
As you can see it is always important to use a stop loss. Although I didn't indicate my stop in the post, it was definetly hit. Couldn't have predicted the great news the project got a few hours ago. Hope ya'll have a longterm bag and happy trading!
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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.
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.