Hello everyone! For teh Salesman's 100th idea and to celebrate 150k total profile views, I have decided to do a light analysis on a potential sleeper coin - ZRX!
ZRX has formed a minor falling wedge, and is showing a potential Adam and Eve double bottom WITHIN said wedge with significantly higher RSI. RSI levels on the 4h and daily are showing bullish divergence...
- ZRX overbought at this moment.
- I'm shorting actual position.
- 0.49 level again is possible according to the chart.
- Please follow my profile to stay tuned for everything, I will update this trade.
I feel the need to give you an update on ZRX.
A small support has formed at the 14.8k levels,which has been confirmed 3 times.
No matter how this plays out,we got a bear flag forming on the 1h candle chart,so i'd recommend you to stay out of ZRX for a while,unless you are already in.
You should also use that purple line as a strict stop-loss point,if...