EuroMotif

ZRX.usd Poised for another (30+%) BreakOut after Support Bounce

COINBASE:ZRXUSD   ZRX/USD
Market wide bull run looks to be underway.
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





Feb 02
Comment: We have Ignition?

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

.

SUMMARY:
- 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.

=============================================================================
Feb 06
Comment: ( ( < PIng > ) )

Nice clean Ping off the "Key Resistance" line Now we see how far it retracts.

======================================================================================
Feb 07
Comment: Pong.

"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.
======================================================================================
Feb 08
Comment: PIssed off Princess

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


=============================================================================
Feb 11
Comment: ( ( < PING > ) )

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.

=============================================================================
Feb 13
Comment: 2nd Target ALMOST hit

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.


=============================================================================
Feb 15
Comment: Princess taking the staircase down gracefully
==================================================================================
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Wealthy I am not
Needy I hope not
Gifts do help out

🙏 BTC 🙏
1Pi1dcYaueUSo2ufrdaQtHYivbcfu1W9LQ

send When you Can
send What you Want
gain Gratitude you Will

Comments

pamp
+1 Reply
Thinking ZRX is due for some gains. Nice post. Looks like a good buy. DO you think it could get to .28-.30 in the coming weeks?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out