ZRX should bounce on a bull flag lower level
Unfortunately I can't post signals with multiple timeframe, however just know that the 2 green lines are bottom and upper level of a daily bull flag. In the falling channel you can see at 1h volume profile shows how price did a reversal on the control point (when many people entered the trade). Control point area coincide with 0.5 Fib retracement level (not shown) so it looks very fine!
I think that in this area is super safe up to 3200 sats, between 3200 and 3300 there's an uncertain area but if it goes over 3300 it should test the upper resistance (green line) and hopefully break out. You can see from the target there's a potential profit of +56% from there, if you enter at the bottom it's around +80%.
Trading BTC pair is kinda different from stable coins because it's like solving a 2 variables equation but once you make profit on this and you get BTC you realize it was worth. Remember, once a channel breaks is broken out price goes up and very commonly comes back to retest the upper level as a support. Don't sell in case you see the retracement as long as it stays in the support area.
I think that in this area is super safe up to 3200 sats, between 3200 and 3300 there's an uncertain area but if it goes over 3300 it should test the upper resistance (green line) and hopefully break out. You can see from the target there's a potential profit of +56% from there, if you enter at the bottom it's around +80%.
Trading BTC pair is kinda different from stable coins because it's like solving a 2 variables equation but once you make profit on this and you get BTC you realize it was worth. Remember, once a channel breaks is broken out price goes up and very commonly comes back to retest the upper level as a support. Don't sell in case you see the retracement as long as it stays in the support area.
Comment:
Off course BTC pairs are affected by BTC so with the high price increase BTC had recently it's normal ZRX went a bit off road but judging by the chart, the price is already back in the bull flag. If BTC stays quiet we should see a bounce toward the upper level. I'm still in and waiting for the break out... patience is key in this game!