50 DMA acted as a strong support in the May month and every movement towards 50 DMA was thrown upward with greater spikes. June was unfortunate and zrx dipped below 50 DMA. Now zrx has retaken the line moving upwards after two days of consolidation. The first target is around 0.00017 to 0.00019 zone. If the 50 DMA acts as a support again, then we can expect a higher move towards the upper limit.
However the weekly RSI is forming a equilibrium pattern (Higher Lows and Lower highs). The upside might be capped around 70. Take profits if you see weakness. Market is in a bounce state not bull state. Book profits whenever you see weakness. Happy trading :)
However the weekly RSI is forming a equilibrium pattern (Higher Lows and Lower highs). The upside might be capped around 70. Take profits if you see weakness. Market is in a bounce state not bull state. Book profits whenever you see weakness. Happy trading :)
Trade closed: target reached:
Price hit target 1