ZRXBTC trade ideas
ZXR 4hr Head and shoulder 25% dropI believe Ox is ready to break out for a bearish move. In the 4 hour candle a formation is developed into a H&S. Volume indicator and Patterns match up with the pattern. Lets see were we go!!
Legal disclaimer:
Information on this channel is my analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and crypto currencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in my reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications.
With Regards.
ZRX/BTC! Ascending Triangle!
ZRX/BTC!
Day Chart Pattern: Ascending Triangle
Daily Trend: Upsloping Bullish Trend
Possible trend: Bullish
Divergence: Bearish Divergence playing out.
Candlestick Pattern: None
Volume: Low
Time Frame: Day Chart
My Targets: Probability can change.
Reward to Risk: 2/2
Possible Entry: What I'm looking for:
.00004038 - .00004158
Resistance needed broken with candle close above .00004158 to continue to next target!
Targets Can exceed or not meet expectation
1 .00004329
2 .00004475
3 .00004635
4 .00005205
5 .00005996
Stop Loss: Base on a Daily Candle Close.
1 .00004000
2 .00003870 next target if first stop
loss support broken with a candle
close
Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
ZRX, Long Trade Setup With Over 500% PPFalling wedge is forming after the last run on May a year ago, and currently we are in the bottom of wedge.
need to break the the upper line of falling wedge resistance so there is pottentially bull run on ZRX will be started.
on the 1D time frame we can see Adam & Eve pattern and also pottentially Cup and Handle pattern formed and we need to break the price around 4470.
Remember that this in idea only, do with your own risk
ZRX starting to look ready to move.Showing in the 1Month charts
June 8th 2019 - Present the building of an
Adam and Eve pattern and we are at the bottom or near
before the back half of the pattern.
Full TD8 count on monthly.
Showing on the 1W charts
May 7th 2018 - present the building of a large
descending triangle. We are nearing the apex of it.
Time for it to break out or break down.
Things which support a break up.
*Adam & Eve pattern on 1M
*1 Year descending wedge triangle
*decent volume Inverted hammer
*full TD9 on the monthly
*two full TD9s finished on the weekly
*weekly td1 is so far a green hammer.
*macd, rsi, stoch all look to be turning bullish.
$ZRX Worth paying attention to new hours/days..$ZRX Worth paying attention to new hours/days.. It looks kinda ready to make some movements..
Potential symmetrical triangle about to breakout
Both RSI & MACD rising
UCTS Buy signal active on the 12h chart, still missing in the 1D
Volume looks low for now.
#ZRX