Just a little intra-day analysis. ZRX has been outperforming most other cryptos, so I wanted to get in on some swing trades. Here is a very short term chart for these next couple of days.
A candle break above the top line should trigger another breakout, but the candle must CLOSE above the line. the bottom line is there as a point of support and if the candle closes below that line, then be prepared for a break lower.
A candle break above the top line should trigger another breakout, but the candle must CLOSE above the line. the bottom line is there as a point of support and if the candle closes below that line, then be prepared for a break lower.
Comment:
Looks like we broke above resistance and saw a quick spike up, just as predicted. We were at $1.52 at the time of this call, and right now we're sitting around $1.75. That's a 15% increase in less than a day. I'm still expecting a surge to $1.90 before pullback, but to be conservative, $1.84 is sell limit.