ZRX - Ready for big move? QUICK IDEAI've talked about ZRX before in detail.
It's been in a slight uptrend the last few days. And the market has had a habit of taking off lately... hmmm...
I've noticed a few trends on the 1D & 4H chart that might lead us to a decent entry point before take off.
Indicators on 1D:
MACD has cross bullish
STOCH is strong. just leaving oversold with LOTS of headroom.
Increasing volume since uptrend.
Just crossed EMA 20, has 2 EMA's left to bounce to quickly.
Indicators on 4H:
MACD has bearish cross incoming but is strong
STOCH is in freefall
About to bounce off EMA 50
OVERALL
Good idea to get a small amount in this swing, if we get a bigger drop we've been seeing climbing support so likely won't be huge. Upside short term and long term are updated and marked on chart.
Be safe, be kind, don't touch your eyes after eating spicy food, and this isn't financial advice
