TradingView
Joontree
Feb 5, 2021 9:26 PM

Instructional chart: Trend changes and ZRX current top 

0x / United States DollarCoinbase

Description

Here we can see ZRX top out, pull back into a downtrend, and clearly then change that trend into an equilibrium pattern with textbook tightening range and declining volume. Once volume pours back in the equilibrium will break out of this pattern bull or bear.
Comments
DeeGee84
target down side?
Joontree
Definitely all longer term timelines are still in an (extreme) uptrend, just wanted to demonstrate for people newer to TA a very clear example of a top, reversal, and equilibrium in the shorter term.

It's already broken bullish again, fingers crossed for $2+ being a level that's maintained!
pablovip3
2$ maybe later on😟
Rafaello_
at the time I see bull in long time ... DeFi it's looking Doge
Thiwi1994
@Rafaello_ Agree with you mate. I can see its reaching $4 for sure. I'm not too sure on hitting $7 or $10. but monthly chart indicates that it's still a bull run
pablovip3
@Thiwi1994, 2$ again today guys?
Thiwi1994
@pablovip3 on one hour chart I see an Elliot wave happening. if you can have a look now
More