My first thought that recent up is a dead cat bounce. With 1 billion right now ZRX sitting #26 at coinmarketcap. Quite volatile which is good for traders than holders, ey!
Here are my 2 cents.
1. By the price action we see that two support boxes that i draw is quite good for retracement place. Following my Elliot Wave that would be perfect for an accumulation right there. To have a reversal, it must be break my yellow trend line with quite good momentum, if BTC price is sideway or even down ward, don't ever expect that before the time coming.
2. RSI level continuing made HL and always get rejected which makes this idea is even stronger.
Above all ZRX is good project and you should not doubt it for now, but for the price, let the market decide.
Here are my 2 cents.
1. By the price action we see that two support boxes that i draw is quite good for retracement place. Following my Elliot Wave that would be perfect for an accumulation right there. To have a reversal, it must be break my yellow trend line with quite good momentum, if BTC price is sideway or even down ward, don't ever expect that before the time coming.
2. RSI level continuing made HL and always get rejected which makes this idea is even stronger.
Above all ZRX is good project and you should not doubt it for now, but for the price, let the market decide.
Comment:
my chart gets invalidated
Comment:
Interesting, If it touches 12000 sats, then it will be invalidate my chart here.