ZRXBTC - next wave - 83% profit potential?

ZRX is looking pretty tasty here - it's retraced from the 16th Oct high almost to the 0.618 in a nice descending wedge, with bullish divergence on the 1H over recent days. I would really like to see one more dip down to put in a reversal point right in the "golden pocket". An entry there, say 10.6k to enter at the top of the golden pocket, would mean up to 83% profit potential based on a 1:1 extension for the next wave - will make a nice christmas present with target timing in the latter half of December. If a final dip doesn't happen then watch for big volume to trade the breakout. Keeping a close eye over the next 12 to 48 hrs.

Comment:

I'm hesitating to enter this one even though we hit the target entry area for two reasons:
1) we dropped down below the "golden pocket" and didn't find strong support there. this means that we could go lower and potentially drop all the way to the 0.786.
2) we've got some bullish divergence formed on the 1H but I would really like to see it on the 4H as well.

So, I think more patience required.. possible next supports at 10k then around 9.3k which would be a good entry just above the 0.786.

Comment:

We dipped down almost to the 0.786 (thanks BTC), I'm laddering my buys across a 2% range in this area. The dip makes the wedge setup perhaps a little bit less attractive but I think we're due for a strong bounce here at some point.