Most of this analysis is based on current market sentiment and important buy/sell levels (they act as both support and resistance).
As you can see on the chart after a convincing break out $ZRX is forming symmetrical triangle.
In case of bullish continuation it has target around $0.65-0.71.
It's not a financial advice.
Trade carefully and good luck.
One cryptocurrency that really has my attention right now is ZRX. You can see that there is a very well defined range on the chart (in grey) which ZRX has reacted on numerous occasions. I've circled some of the key reactions in green and red. The green circles show key/initial support, and the red circles show resistance. What we can see now is that ZRX was...
Entry - .375
Exit - .56 to .85
SL - .365
You need to feel the nerve of the market. The whales have made money on popular alts and btc, observe the shift in moment towards low market cap alts. They have their canisters loaded with enough fuel for new pump and dump alt parties. (ZEC, DASH, ZRX, OMG)
Sit back and enjoy the ride. :)
Here are a few ZRXUSD zones that I have in mind. I am currently long, and my mid term target is above $0.60. I was surprised to see the price dropped during the ETHUSD surge from $230 to $280, which is definitely a sign of weakness. I still have a lot of faith in this coin, but it's not good to get emotionally attached to things. Let's see what happens.