ZRX has just bounced from a strong support.
Now sizzling under a Major Fib resistance.
BreakOut could lead to a 30%+ jump.
Ideal entry would be break and retest.
If in a short position, keep SL very tight.
$ 0.231-232 is immediate resistance which may cause small pullback.
$ 0.247-249 is next minor resistance, would be surprised if strong.
$ 0.263-265 should be strong resistance, expect a pull back.
Previous ZRX Analysis (click):
$ 0.17 Rocket Launch <= Perfect Ping Launch
$ 0.21 Failure warning
$ 0.31 Retrace Call
$ 0.26 Bounce Call
$ 0.34 Top Warning
$ 0.15 Bottom Call <= Perfect Entry, Huge Profits
$ 0.275 Break Out
Apr 2019 Bottoming Process
Many coins are/were pumping already, and now the Princess feels it is her time, breaking above a "Major Fib"
Zoom IN, Am hoping for one more Ping on this fib to make it a "keeper"
If this fib plays out she should be pushing 30 cents pretty soon
That fib in green nestles quite nicely into previously mapped zones and points to .333 as possible final target for this wave
- break out under way, no doubt.
- current wave should follow all mapped zones pretty closely
- very plausible target of $0.333, to match previous highs.
Nice clean Ping off the "Key Resistance" line Now we see how far it retracts.
"Pong" as in what follows a "Ping" So it pulled back to the green 2.618 and in a bounce.
2.618's are always strong, from either direction.
Bulls need to hold this support, because it is the strongest one anywhere nearby.
Making excellent progress
Zoom IN (21 min) for a closer look Gorgeous PIngs first on resistance then on support.
Looking good, now we need to breach that "Key Resistance" at $0.2919
1st target HIT
Zoom IN (34 min) PING indeed!
Expecting a bit of a pullback here, but lets see.
If retrace starts in earnest, I will try to plot targets for rebuy zones.
Bulls about the tap the second target
Zoom IN (15 min) for a closer look shows that my red zone was off by a bit,
was meant to be at that thick purple fib.
Adjusted the zone, so it should be .331120 at bottom boundary.
Almost a Wrap!
Time to take some profits, and/or drag the trailing stop close.
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