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.
Perhaps you want to hit like now before we get started... Ok, Done?!
Yes!... Let's trade!
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 volume breakout above EMA10. This is a bullish signal.
The MACD is showing a bullish crossover.
The RSI is trending up.
These are still early signals and can easily be invalidated. Why do I say this? Because the MACD and RSI are still on the bearish side and there haven't been any big green candles yet.
Now, with the entire market moving positive, this serves as another bullish 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 bullish... This was an educational post for your learning, entertainment, and fun.
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Thanks a lot for reading.
Namaste.
Comment
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The green zone is the demand zone on the chart above. Price can easily bounce from here but it might need to make another drop before doing so.
I am full of WAN
Wan is struggling
U think good idea to move some 50 to zrx now !?
Sorry for private question