Who is ready for another altcoin ready to start popping off?
Today we will be discussing ZRX because this is one that's painting a perfect market cycle.
There are a couple key factors I look for when accumulating a market cycle.. I want to see new money entering the market indicated by volume, along with a breakout of the previous down trending...
ZRX pulling back into support after breaking above guppy is a good sign but we do need to watch out for this pullback as volume has followed this move down.
Continue to see the valid CRUP signal, which is good for bulls!
Target still remains at the 200MA
This is one of the more dormant alts that hasn't moved much compared to other mid-cap alts since Bitcoin price skyrocketed past $5.3k a few days ago. Expecting a good move pretty soon. Bullish Divergence and breakout of downtrend in the RSI.
The BB upper band has crossed the bull candle at the tip of the bullish trend showing a signal of a bear trend. The Stochastic oscillator is above the middle level heading towards the overbought level (currently oscillating around 79) also signaling a strongly bearish. This offers an excellent selling opportunity for ZRX investors. The price targets the resistance...
Weekly support is becoming resistance, gotta do something about it or there's probably even more downside.
Buy boxes are decent IMO, I'll probably buy some ZRX around those.
Updating this if it reaches 'em.