First trade successful on ZRX after it broke the short term downtrend with a bounce off the long term weekly uptrend, finding resistance and being rejected at the 15k sat level. After a small retrace, ZRX has found some support at the 38.2% fib level and looks like it could continue up to retest 15k. If it continues up we will may see a break of this resistance and another bullish move up to test the daily resistance level at around 16.3k sat. If ZRX gets rejected again at the 15k level to form a double top then we may see a further retrace down to support around 14.1k. This level of support aligns with the 61.8% fib level which would be an ideal entry IMO for the next bullish move.
Watching closely over the next few candles.
Buy zone around 14.1k sat.
Watching closely over the next few candles.
Buy zone around 14.1k sat.
Comment:
ZRX has been rejected again and pulled back down nearly into my buy zone. Watching closely now for confirmation that it can hold this level before the next push up.
Comment:
BTC is making trades get rekt currently so i am no longer looking at entering any altcoins untill it chooses a direction.