ZRX - Breaks Upper Trend Resistance
0x / United States DollarCoinbase
Description
⋅ ZRX Price Action
- Bullish candle breaks upper trend resistance and closes above 200MA (blue).
- Waiting for an hourly candle to close above 120MA (green). 20MA (red) following for support/pullback.
- Price knocking on 1.632 resistance to move up. A break above this line and candle close above 120MA (green) can confirm strong breakout to the upside.
- Inability to break above will confirm resistance is too strong. Price action will bounce and continue down to consolidate again.