I am keen on ZRX and have had some solid trades out of this for a while but overall pretty bearish as i see this walking down further to a level of demand build on the original run up thats been tested one before we a great response. Using some repeating fractal patterns and some fib levels that keep getting hit with each fractal i can see us walking down to that...
EOS with a solid rejection off the current supply zone created from December drop. Zooming in on smaller time frames we had a double top with slight divergence and the following rally failed to make a higher high. Daily candles printed another bearish body confirming the rejection from supply. I can see over the following weeks a retrace the the 50% of the current...
- A rejection off the Supply Zone that was taken from the 2nd of December. - Price has tested this Supply Zone 3 times since this latest rejection, thus verifying that this zone is valid. - An easy prediction down to the Demand Zone that was formed by the red candle on the 20th of December. - Possible outcomes would be, either a push off this Demand Zone, to...