We have closed out our previous trade as our rally has lost steam. With that said we are headed for a steeper correction then I had anticipated which is great for another rebound.
I believe through indicators and trend analysis we will retest previous support and buyers will be waiting down there.
Lets short the bounce we get out of ZRX again and again till its all over. Stop complaining about bear trend and get your money man...
Expect a bounce from 31c thats what I forsee happening however we may break down further and retest levels we started this rally at.
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Some rather odd bullish divergence coming off on the 15min and 1hr chart. This thing might be trying to drag more out. We will try not to miss our entry but I feel it coming should our rsi and macd on the 15 min and 1 hr chart stay the same.
Eyes on...
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Boom dropped all the way down to 30c and retreated back up. Lets see if we can get a crossover on macd to solidify our trade.
You think the other alts are heading the same direction? I think so from recent developments.
mjtrustme
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@jeremy.jacques79, Yes but as I am seeing now we may see a slight bump to the upside before a stronger correction, this may be a riskier trade however. I am not taking bait yet but the 33c level seems to be holding really strong. Will ping this when I enter. I will enter alongside strong volume and the rsi and macd on a smaller chart. We might be able to make some big money soon.