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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Well that was a nice catch! about 65% ROE Grats to all the ZRX faithful.
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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 ?