ZRX/BTC long termI am keen on ZRX and have had some solid trades out of this for a while but overall pretty bearish as i see this walking down further to a level of demand build on the original run up thats been tested one before we a great response.
Using some repeating fractal patterns and some fib levels that keep getting hit with each fractal i can see us walking down to that demand following by a 786 entrancement from the last level of supply.
This will take a while but there should be some solid trading opportunities with in that range on the way up imo.
Will be keeping an eye on ZRX for those trade opportunities to present them self
UNITY
EOS/BTC 14th of febEOS with a solid rejection off the current supply zone created from December drop.
Zooming in on smaller time frames we had a double top with slight divergence and the following rally failed to make a higher high.
Daily candles printed another bearish body confirming the rejection from supply.
I can see over the following weeks a retrace the the 50% of the current up trend since the start of the year being a descent area of interest for a strong support level at that demand created early Feb.
If that demand fails we are heading back down to lower demand near the last bottom which is a strong demand zone but tread cautious placing lucky dips down there.
On the upside if we do break this level of supply a push to the next minor resistance is around .0009943 with plenty of small bumps in the road on a higher target for the overall supply zone which is some 100% up the ladder.
My play for now is bearish, shorts loaded off supply but will keep a close eye on it until it starts to get some distance from that resistance then let it roll with that 50% retrace in mind.
www.unitytradinggroup.com
BTC/USD - Rejection at 4200 Level Supply- A rejection off the Supply Zone that was taken from the 2nd of December.
- Price has tested this Supply Zone 3 times since this latest rejection, thus verifying that this zone is valid.
- An easy prediction down to the Demand Zone that was formed by the red candle on the 20th of December.
- Possible outcomes would be, either a push off this Demand Zone, to one of the outlined Fib levels. Or, a fall through this Demand, to the next short target. (The next Demand below)
www.unitytradinggroup.com