moon333
Long

ZRXUSD likely to fail in breaking down 100 SMA

COINBASE:ZRXUSD   ZRX/USD
The priceline of ZRX / US Dollar is likely to form a bullish gartley .
Initial X to A was not able to break 200 simple moving average resistance and now the B to C leg is hitting the 100 SMA resistance and likely to fail in break out.
Volume profile is showing less interest of traders here.
MACD turned weak bullish from strong bullish , but stochastic did not give bear cross sofar so we can wait for stochastic to give bear cross and then short.
I have used Fibonacci sequence to set the targets:

Sell between: 0.212765 to 0.255376

Buy between: 0.194078 to 0.174767

Regards,
Atif Akbar (moon333)


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