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mjtrustme

Lets Trade: ZRX Bullish Pennant brekaout

Short
0x (COINBASE:ZRXUSD)  
mjtrustme Updated   
COINBASE:ZRXUSD   0x
Trend Analysis Chart Patterns Technical Indicators
0
1
trendanalysis chartpattern indicator
So far the boundaries on this pennant have been respected and it seems that ZRX is setting up for a move to the upside.

Wait till pennant has been broken out of and the RSI/MACD provide positive divergence.

TRG1: 31c
TRG2: 35c
Comment:
Starting to see a positive rebound from bottom of triangle. You may want to enter here but have stops set and be vigilant, pennants have a 65% chance compared to stronger patterns.
Comment:
We broke out of the Bullish Pennant flag and we had decent volume behind her! She's got a bit of steam now, a gradual build up with consistent movement in volume is what I would like to see and I am willing to ride this wave all the way to our second trg and maybe add there.
Comment:
Incoming 1st target, we are overbought but we will correct quick and continue, lets stop loss at 28c
Trade closed: target reached
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