EuroMotif

ZRX.USD between a Rock and a Hard Place: 0x somewhat Trapped

COINBASE:ZRXUSD   ZRX/USD
So it has been a wild couple of days in the CryptoVerse.
ZRX like many alts slid further due to Bitcoin uncertainty.
Now at a STRONG resistance that may take several attacks.

Below is the "Impulse Core", most concentrated buying power.
Ideally bulls break the Resistance above without visiting the Core.
Even then they still face the "NeckLine" where bears will be shorting.

I have noticed that ZRX is often one of the late risers.
Once bitcoin calms down, other alts seem to go first.
But when the Princess wants to play, look out above.

0.2336 - 0.2346 is near resistance clearly visible to the naked eye.
0.2457 - 0.2465 will bring new shorts and under water longs exiting.
0.2585 - 0.2598 should not be very strong but will surely be noticed.

See my previous ZRX.usd plots in the "Related Links" below.
Admittedly, this Princess has been difficult for me to gauge.
She seems well adjusted one minute, next minute a hissey fit :(

Dec 05
Comment: Right up into Resistance zone here BUT surprisingly (suspiciously) no heavy selling yet, so:
a) Bulls are not taking profit (or did last touch).
and
b) Bears are not yet jumping in with shorts.

Zoomed in we see the Tiniest little green shoot poking above fib line Lets see how far this get before some sellers show up.

.
Dec 05
Comment: Argh, looks like I screwed up a bit. I had the red 4.618 on chart, and clearly the 3.618 above was quite relevant.
So now if I extend the 4.618 line, we see the current and recently past action at that line.
I probably should have a placed a taller red zone, to include that red 4.618 as the top boundary.
Disappointed, I usually catch such things.....

.
Dec 05
Comment: We have a definite break through
Zoomed IN, it would be nice to see a retest of that zone

.
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Time to buy so
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