ZRX is looking like it is ready to move up.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do...
The breakout above the resistance trend line, followed by a retracement to the top of the line as a support and also the 0.382 Fib Level will signal a buy. Price target estimated back up to old high at $0.39. Set stop loss around $0.32.
ZRXUSDT is moving through a consolidation phase, and has had a strong bounce from the bottom of its trend channel. StochRSI is reversing. We target a return to the upward trend.
Buy: 0.3400 - 0.3430
Target 1 - 0.3535
Target 2 - 0.3660
Target 3 - 0.3776
Target 4 - 0.3884
For the time it is still best to trade USDT pairs unless you are believing that this capitulation is a full bull move. I do not however believe we are bullish at all yet on anything but the short term with BTC. With this being seid ZRX is in a squeeze consolidation and looks ready to break upwards vigorously upwards assuming the overall BTC price holds sideways...
ZRX USD (analyzed with Richimoku & Kumo Waves)
Richimoku & Kumo Waves on Cardano / ZRX
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