Long term view. Currently attempting breakout from HTF resistances. Turn that resistance into support for the weekly close and it might be moon time.
I like the look of the 1.618 as a target but we'll see what happens.. I'm aware that btc is looking at breaking out of its range, with a target of $75k, that could ruin some alt setups if it does.
After the previous analysis which has been invalidated by BTC retracement we have a new bullish setup, let s recap the analysis:
Rsi- pretty good, arround the middle leaving space for ZRX for growing
MACD - Golden cross forming on 4H chart
3 higher highs follower by 3 higest lows confirming the bullish channel
Fibbonacci - just closed 2 candels above the 0.50...
I mistakenly did an analysis on $OXT thinking it was $ZXT. Obviously my analysis summary is to buy. Crypto is hot right now. I shouldn't feel bad for making money off the markets.
Anyway this was a fun chance to use some fib extensions. It's not often you get to use the 2.6 and higher. Another reason crypto has been such a treat. That makes a target of 4.7. That...
If you look at the chart we are fighting against resistance that is still holding zrx/btc since 2017/18 we had multiple fakeouts during this time (last one took place yesterday on 4h). In 2021 we found great support that is still pushing zrx up. I hope in 1-2 weeks we are going to see massive breakout and achive levels from 2018 (more than 500% comparing to btc)...
Hello to you all. Mars Signals team wishes you high profits at all times.
If the top of the resistance line is broken and stabilized, we will enter the trade for the above purposes
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!