EuroMotif

ZRXUSD may have bottomed around 15 cents: 0x should bounce soon

COINBASE:ZRXUSD   ZRX/USD
ZRX like many Alts just keeps dropping lower and lower.
Currently showing a bottomming process (slow and wide).
Several Fib sequences look to be ending around 15 cent price.

Left Chart is 2-day timeframe with Fib of decline since CoinBase intro.
Right Upper is 6-hour tf with fib of decline cuased by last Impulse down.
Right Lower is 1-hour tf with a possible UPWARD Impulse/Fib in progress.

CHART NOTES:
Drag UP on the PRICE scale to reduce overlapping numbers.
Drag DOWN on PRICE scale to see fibs above/below window.


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Sep 20
Comment: Well that was a nice catch! about 65% ROE Grats to all the ZRX faithful.

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Sep 21
Comment: Taking a close look at the bounce Sure looks like a 5 part Impulse Wave, and fits the EW 'rule' of: deep and long wave 2 which often matches with a shallow and quick wave 4. If so, this could be an attempt at 30 cents, but maybe settles for .295 ?


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Related Ideas

great forecast! what do you think of the next resistance and pullback levels?
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