ZRX has been on a downtrend for a while, and we may get an opportunity to place some buying orders between the blue lines. There is a chance that it breaks both lines, so place your stop loss carefully.
The 11.2k actually coincides with a 78.6% fib level (start in Jan8), and the second blue line is the zone around 10k that can work as psychological support.
I will be looking for signs of it being oversold with the RSI, and also for an increase in volume and momentum. Probably wait for a narrower BB indicator and keep checking the 15m timeframe.
Could easily make more than 10%/20% in a couple of days. More than 50% if it goes back to ATH.
Good luck!
Feel free to check out my twitter account!
The 11.2k actually coincides with a 78.6% fib level (start in Jan8), and the second blue line is the zone around 10k that can work as psychological support.
I will be looking for signs of it being oversold with the RSI, and also for an increase in volume and momentum. Probably wait for a narrower BB indicator and keep checking the 15m timeframe.
Could easily make more than 10%/20% in a couple of days. More than 50% if it goes back to ATH.
Good luck!
Feel free to check out my twitter account!
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If you bought above the 12k, make sure you adjust your stop loss accordingly as it goes up. It may be a fake bull reversal, but you should be looking at an easy 10% return in a few hours.
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I meant below the 11k. Keep an eye as it approaches 13k and 14k as they look like resistance levels (also psychological levels)
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I hope you guys got this ride!
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Bounced off the 14k but it may test it again
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50% retracement, I'll try to get more at under 12k and hope for another 10/15%
