Prior to the resistance breakout, ZRX/USD broke above the 200 Moving Average where it found the support later. The Fibonacci applied to the corrective wave down after the Moving Average breakout shows that the upside target could be at 427.2% retracement level that corresponds to the upper of the extended .
Therefore, the uptrend continuation should be expected with the first target at $0.36. But if this resistance will be broken, 0x could go up to $1 psychological resistance and perhaps even higher. Pay close attention to the $0.24 support, as break and close below could send it back towards the $0.17 major resistance.
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