Followup to my post last year
It's exactly the same setup as before, except this time I'm a bit less fundamentally bullish on ZRX because the market has evolved a lot. Let's see what happens.
The ZRX starts moving that's for sure.
The MACD begins to cross the averages, the RSI divergence chart where we hit a new bottom and the RSI chart shows a higher peak on the histogram, which heralds a trend change.
An additional confirmation is the indications in the look at BTC, where we can observe a similar system. The first stop at 50% of the downward move,...
ZRXETH is one of the most volatile trading pairs in the entire crypto market. If you can capture the swings with the right timing, it can be very profitable. If your timing or levels are wrong, it can send you to the grave. Recently, ZRXETH has dropped -85% in less than a third of the time that it took to drop the same degree in the 2018 bear market. I am...
Year old trend line which has held 3 times and seemingly it's 4th at the current moment. Last 3 pumps have been quite steep, a quick 2x. If history repeats itself it may at any moment over the next few weeks. Looking at strong trendline, and patterns in the moving averages it seems very likely. Looking at the geometry would be the caveat, a pump here would...
After getting slaughtered over the past couple of weeks, ZRXETH is back to the trendline to create a lower high. Yes, this lower high is not confirmed yet. Yes, the lower high could technically end up a tiny bit lower than where it is right now, but I'm calling it here. Long target is 0.0028. Due to the recent price structure, there is a very wide uncertainty...
BITFINEX
