ZRX looks to be following Bitcoin finally, pushing on a ceiling. We are up against a resistance zone now, may well pull back a bit. But if we break above, there is room before next Major Resistance.
If not already long, then consider: a) Aggressive entry immediately upon break out. b) Conservative entry after break an retest of ceiling.
.2705 - .2719 is immediate resistance and possible end of a wave. .3017 - .3023 is first Major resistance, expect a retrace from there., .3261 - .3282 is next Major resistance and probably a top for a while.
Chart Notes: Drag UP on the PRICE scale to reduce overlapping numbers. Drag LEFT on TIME scale to see more history and Fib sources. Drag Up/Down on chart to see zones above/below window.
Nice break and Retest of Immediate resistance But might need a couple more runs to push through .275-.277. My loading zone is .27 down to .26, bail at .25 if it goes that low
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So much for the break out, bulls look every tired Lets see if 26 cents holds, that was once support...
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Yup, definitely screwed up with that red 4.618 It was pierced but only for a moment and then rejected. As mention, it was expected that this resistance would be felt. Actually it is LESS suspicious now, behaving as it SHOULD.
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