ZRXUSD is incredibly overbought on the 1W timeframe (RSI = 89.293, MACD = 0.117, ADX = 50.025) but that doesn't call for a pullback yet, at least not to the 1D MA50. The reason is that this is the final phase of the Bull Cycle rally that makes a Top inside the R1 Zone and the Sine Wave activity grasps that very accurately. We remain bullish on ZRX, targeting the bottom of the R1 Zone (TP = 2.0000).
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