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jreilly1310
Feb 10, 2021 6:55 PM

ZRX Parallel Channel Tightens Above Mid-Line 

0x / United States DollarCoinbase

Description

ZRX has been riding steady in this channel for about 5 days now. Sure it's a fairly large window between $1.29 and $1.70, but it's starting to tighten.

As the 200 MA continues to rise, so do the chances of a move above the parallel channel.VPVR showing support at $1.47. RSI keeping steady below 60. MACD has been steady and is shaping up for positive momentum.

All indicators pointing in the right direction!!!

J-DOT-CRYPTO
Comments
pablovip3
What's your target for this week?
jreilly1310
@pablovip3, Buying more if it gets back to the $1.50. Holding unless it breaks below the MA's (12 and 26) on the 12HR. Taking profits if it breaks big through the top of the parallel channel.
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