On the chart above, you can see some of my favorite signals playing out, and once you learn them, it becomes so easy to spot new trades and make great easy profits trading cryptocurrency/altcoins.
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ZRXBTC Chart Analysis by Alan Masters
- Looking at the chart above, we can see a break above EMA10, which is the green line right below the last candle.
- So in the past 10 days the price went flat, followed by above average breakout above EMA10. This is a signal.
- The is showing a crossover.
- The is trending up.
- These are still early signals and can easily be invalidated. Why do I say this? Because the and are still on the side and there haven't been any big green candles yet.
- Now, with the entire market moving positive, this serves as another signal which supports the early signals we are seeing above.
Conditions for change: If 0x ( ZRXBTC ) breaks down and closes below 0.00006236, then the above signals would be invalidated and a new analysis is needed.
On a different note, if price breaks down, it is very likely it can bounce from the green zone.
ZRXBTC is starting to look ...
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Patience is key.
BUY: 0.00006480 – 0.00006800
(1) 0.00007300 -Reached 27-Feb.
(2) 0.00007930 -Next target
STOP: Close daily candle below 0.00006000.
Yes, you can proceed with this step.