I have been monitoring ZRX for long time and covered some of the short-term trades before, but now I’m more interested in the long run as we might have a bullish reversal which could bring higher prices.
Looking at a chart from NOV 18 to MAR 19, you can see the price made lower lows while RSI made higher highs – I marked the pattern with arrow and blue vertical...
ZRX could be heading to the lower support level with BTC pushing higher day-after-day
RSI looks like it might break below the range and this could happen on a final BTC spike up to 5800-600
There could be nasty wicks on alts pairs so be carefull with entries and SLs
ZRX doesn't look the greatest right now but it could very well be forming a double bottom here near the lows
Sitting right at support, a strong move away from this demand zone could spell some very nice upside in the coming weeks
A break to new lows could spell problems and the trade would be cut
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
Weekly indicators showing that ZRX could be at bottom, it can turn bullish at any time.
Monthly Trend on Binance showing that it can go down a bit more but it worth a try.
Buy now 6300-6400 but don't go full, keep juice for a rebuy in case of.
Rebuy 5300 if it drops.
Sell around 7900-8300 ( don't greedy )
Don't forget to keep an eye on BTC.
Happy Tr4Ding !
$ZRX is reaching first buying zone however it's still possible that price can go to the second green box and it would be also a great time to buy.
$ZRX is one of the top project in the space with active dev team and great community support.
Green - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!