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.
Many coins are/were pumping already, and now the Princess feels it is her time, breaking above a "Major Fib"
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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
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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.
"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. ======================================================================================
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PIssed off Princess
Making excellent progress
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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