A head and shoulders pattern can be seen on the 4hr chart and which is a common indicator for bullish pattern turning bearish. I don't want to jump to conclusions by saying the market may be falling, but this is just another sign that it may that makes me more confident in that belief.
I will be holding USDT for now until I see smaller intra-day trades and try to buy in at lower prices.
I will be holding USDT for now until I see smaller intra-day trades and try to buy in at lower prices.
Comment:
Looks like the reversal is taking place. Ideally, we will see an indirect drop to $0.90 before reversal. I am viewing that as a great point for accumulation, but it is quite possible that we can see a turnaround sooner than anticipated. I will continue to update ZRX with new charts as time goes on.