ZRX - New UpTrend Formed. Continued growth incoming?
ZRX saw a big spike finally.
Looking at the 4H chart we see a clear uptrend has formed, with the dump stopping on it. This is right at the top of our historic Accumulation zone.
Volume has tanked, And I wouldn't be shocked if we had another correction down across the market before things keep building like crazy.
That said if we don't get a correction expect an easy re-hit on at least the first short term TP.
Beyond that indicators look great for some growth in the short term and a solid rebound, though we need volume for confirmation on which way we're headed.
This isn't financial advice.
Looking at the 4H chart we see a clear uptrend has formed, with the dump stopping on it. This is right at the top of our historic Accumulation zone.
Volume has tanked, And I wouldn't be shocked if we had another correction down across the market before things keep building like crazy.
That said if we don't get a correction expect an easy re-hit on at least the first short term TP.
Beyond that indicators look great for some growth in the short term and a solid rebound, though we need volume for confirmation on which way we're headed.
This isn't financial advice.
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
Related publications
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.