One cryptocurrency that really has my attention right now is ZRX. You can see that there is a very well defined range on the chart (in grey) which ZRX has reacted on numerous occasions. I've circled some of the key reactions in green and red. The green circles show key/initial support, and the red circles show resistance. What we can see now is that ZRX was trading below the grey range for about a year and a half. We can see that there were many failed attempts to get back into the grey trading range. Recently however, ZRX was able to get back into the grey trading range. Additionally, it has held the bottom of the trading range as support — something that hasn't happened in a meaningful way since March of 2018. So, this is definitely an interesting development, and I think it could be setting ZRX up for a major upside move, especially if the crypto space continues to pick up steam.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-