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...
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After big move to upside by ZRX failing to breakout we are seeing an healty correction.
the retracement has hit 0.5 Fib zone without breaking it.
holding price above 9 EMA is pretty bullish due creating more space on RSI and preparing to the next move to upside.
On MACD we can see momentum shifting downside which can be also good consolidating the current...
ZRX showing hope for a 22% climb. Invalidation for me is 1.45. Otherwise, let her run to the 1.272 Fibonacci. These momentum plays are looking stronger. Just have to be careful; we're not out of the haunted forest just yet!
NOTE: I am not a financial advisor. This trade may fail. Join me at your own risk.
*If you have strong hands, patience, and like big wins...
The ZRX, under the influence of BTC, fell to the strong demand zone around $ 1.2
Orange MA turned out to be an additional support, which previously acted as a strong support and usually a rebound from it heralded a strong upward rebound.
A safe zone guaranteeing increases is a decline of 0.236 from the last high of $ 2.4
Increases around $ 4 and $ 8 are very...