We're currently on 0.786 Fib line, if we go under this one this wedge it'd probably gonna break downwards, at least for what I've read/seen about wedges (write if you have different experiences).
If you like to see the silver lining be informed that MFI indicates a bullish DIV on the daily and price is right on the BB lower band (not shown, I've free account, can't show you too many indicators). However I don't know if this will be enough to bounce back. Especially because recently I've seen bearish DIV into bear flag being invalidated so... in bull season there are too many investors who don't care about TA so this can invalidates it as well.
I'm not optimistic, if I'm right and we go down I think one between yellow and red path is likely to happen. We'll plummet to one of those levels until RSI and MFI is oversold on the daily (it is already oversold at 4h), after that, if we take former oversold period as "model" we should head up pretty strongly reaching the 5600-5800sats area.
If anyone of you has some FA on 0x project please post it
If you like to see the silver lining be informed that MFI indicates a bullish DIV on the daily and price is right on the BB lower band (not shown, I've free account, can't show you too many indicators). However I don't know if this will be enough to bounce back. Especially because recently I've seen bearish DIV into bear flag being invalidated so... in bull season there are too many investors who don't care about TA so this can invalidates it as well.
I'm not optimistic, if I'm right and we go down I think one between yellow and red path is likely to happen. We'll plummet to one of those levels until RSI and MFI is oversold on the daily (it is already oversold at 4h), after that, if we take former oversold period as "model" we should head up pretty strongly reaching the 5600-5800sats area.
If anyone of you has some FA on 0x project please post it
Comment:
seems ZRX is going for yellow path. keep watching it!