NOTE: This is all based on Coinbase which has very little historic data so please bear that in mind.
Seems to be stuck in a channel which is coming to the end of a descending triangle - BTC is not looking pretty at this time either which may negatively impact ZRXBTC / ZRXUSD.
Overall view
It seems to be coming to a make or break point and looking 50/50 atm (looks like it didnt respond very well to BTC little dip this morning (25/10/18)
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closer view
as you can see its in a little channel at the moment (purple zone) but it seems to have some good resistance @ 0.83/.84 (blue box) but if it pushes down from here there is no historic support until like .74/.72 which isn't very pretty..
This is either a good time to go long or a very good time to ride back down to 0.72 and reevaluate from there.
Trade safe people!
Seems to be stuck in a channel which is coming to the end of a descending triangle - BTC is not looking pretty at this time either which may negatively impact ZRXBTC / ZRXUSD.
It seems to be coming to a make or break point and looking 50/50 atm (looks like it didnt respond very well to BTC little dip this morning (25/10/18)
--
as you can see its in a little channel at the moment (purple zone) but it seems to have some good resistance @ 0.83/.84 (blue box) but if it pushes down from here there is no historic support until like .74/.72 which isn't very pretty..
This is either a good time to go long or a very good time to ride back down to 0.72 and reevaluate from there.
Trade safe people!