Hey everyone,
really nice continuation setup forming on this pair.
Not balanced but the Point of Control seems to suggest that we could rip upwards even more - just take a look at that Daily chart!
Early entry for a good Risk-Reward Ratio too 🤤
Anyhow, let's see what it does.
As always, take into account your initial risk.
Take care,
Vlad The Crypto Trader
The Head and shoulders pattern is formed. A price will broke the neckline. So it will be downtrend. At day chart we have bearish signals too.
Signals:
Dark cloud cover at day chart
EMA 9 crossing EMA 20
MACD line crossing Zero line
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Always do your own analysis and trust your intuition!
If someone...
Zrx looks very weak on this 45m chart.
You see 1-2 bars with the maximum volume, I highlighted them with two arrows, they have a maximum above the level of 0.35. However, these extremely high volumes on attempts to rise can mean hidden weakness.
Most likely, hidden professional selling occurred around 0.35 because at point 3 there is trading on very small...
Look at the candles sellers dominate. The fuse at the top is a sign of the seller.
It all depends on the BTC. It can change the mood in the market if one candlestick gives up.
ZRX/USD such a triangle looks down.
The indicators show the weakness of the asset.
Break-down support (key level) and move down.
Cancel downwards, going beyond the 0.37$ level.
Push ❤️...
As you can see, we're facing a triangle pattern and also a wedge in it. if ZRX can manage to breake the resistance we might have 7% profit. what do you think?
