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Robertus
Feb 9, 2021 10:37 PM

ZRX Pump Continuation Long

0x / TetherUSBinance

Description

Bullish Flag with some sort of inverted head and shoulders take a look inside, lots of dojis, green is majority, meaning lots of buying pressure near it's ema20. People are buying near this area.
Volume Dry Up (decreasing volume with lack of sell volume bars), people are buying small amounts, perhaps there are stop limit orders waiting for the break out.
Accumulation Distribution is a bit below its ema13, but the hidden bullish divergences (MACD and AD, circles in pink) tells us is losing momentum to the downside.
Consolidation after huge pump with outrageous volume. Look Left :)
Taking a trade on this one 2 to 1 to 4 to 1, risk reward. (meaning that for every trade won you cover two to four trades lost)

Just an OPINION, Please LIKE and FOLLOW if it adds value to you.

Thanks ! :)



Comment

AD just got above it's ema13, good.

Comment

Stop too tight. Almost. It happens.
Comments
TheSignalyst
Keep it up Robertus
Robertus
@TheSignalyst, thank you my dear friend. Really apprecciate it.
abel11
Been watching this for a couple of weeks and needed to get this informative analysis
Robertus
@abel11, It's stuck in a range, let's see if it gets out!
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