ZRX making a perfect H&S pattern. This pair is looking like a sell. 1. Below red cloud 2. Blue above Green (ichimoku lines) 3. price below blue and green lines 4. A horizontal support below the 3 peaks usually means a downward trend 5. (biased) pair still needs more of a pullback 6. BTC is currently falling 7. 200 ema about to line up perfectly with H&S support line (15100) 8. Falling volume
Setting Sells at 15100 and more at the 14200 (yellow lines).
As much as I love ZRX, I think this pair is short-term bearish
Trade closed: stop reached
⋅
As you can see it is always important to use a stop loss. Although I didn't indicate my stop in the post, it was definetly hit. Couldn't have predicted the great news the project got a few hours ago. Hope ya'll have a longterm bag and happy trading!