Sure, we can breach that white line. But historically its a quick and rewarding recovery.
Into decent deep retrace levels on recent fibs.
Keep it simple.
TA perverts, draw multiple descending wedges as i have done and its GOAT territory.
DNT in same family and looking reasonable as well.
These things pop big time is the point.
I'm posting the signal on the 15min because I think it's the best timeframe to see what's gonna happen in the short period. Basically price broke out but there's a bearish DIV on RSI and CCI (not shown) which indicates price will go down at least in the short period. Moreover ichimoku shows the support is below the triangle's R/S.
To support ichimoku's cloud...
Coins that accumulate slowly without much hype such as District Ox has gained my attention. Coiling in a small triangle, 4th touch so should see it break higher now. A 5th touch and further consolidation within the triangle would not be ideal.
Need to see good volume.
As you can see at 4h ZRXBTC chart is following the cloud, it's very similar at daily timeframe as well. I'm not showing the VLPR but current price is just over the control line, most of the transactions happened below current price and most of them where buys. This is good!
At 1h there was a BB light contraction overnight and from there price slightly headed up....
I think 3 years resistance line around 3792 sat rejection was the last one and we will break there permanently in the next attempt. Considering the white ascending triangle + yellow harmonic BAT pattern on weekly, descending wedge and rising channel on 4 h. My first target zone will be 8000 sat zone.
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)...