JoshMcGruff

ZRX - Big Symmetrical coming to an end.

Long
BINANCE:ZRXBTC   0x / Bitcoin
$ZRX is in a large Symmetrical Triangle with decreasing Volume (considered the calm before a the storm).

Symmetrical triangles can be tricky, by definition, they can pop or drop.

Traders should be cautious and buy in AFTER a confirmed bullish breakout when old resistance becomes new support.

EMA's are still fanning out which look great and there is a nice green support cloud under it.

My bet is we see it break up, but again. Conservative traders should wait until confirmed breakout before buying in.

FA wise the community loves this coin especially with some strong evidence that it will eventually be listed on Coinbase.

Regardless how the TA goes, I think FA wise this coin is a great Medium to Long term hold.

This Triangle should play out in the next day or so, I will be keeping my eye on ZRX for possible entry.

Comments

Thanks for this info, was really looking into ZRX and will definitely be keeping an eye on it.
+1 Reply
> when old resistance becomes new support
By old, you mean the resistance right before (17581 sat) or the further one in the past (21300)?
Reply
@nop33, Both.

Each time the resistance is broke, usually it will become the new support.
Reply
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