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PoeticVectors
May 20, 2022 11:26 AM

ZRX returns to impulse core 

0x / United States DollarCoinbase

Description

ZRX with impulse core (blue zone) and redux (red retracement). Two interesting fibonacci setups.

  • White circles indicate pings where price has a strong reaction to the fibonacci levels.
  • Impulse core from 2017

Comment

3 pings on the 1hr chart

Comment

Price found support after the 8th Fibonacci Time Zone (21) on the 1 week chart which is a potential reversal zone. This is shown in the chart below with the current level of support marked in red as "Point of control".

Comment

Levels playing out well
Comments
PoeticVectors
PoeticVectors
Gaining support above 4.236 on impulse redux
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