A breakout of BTC is likely, so this dip on both BTC and ZRX are likely to be the last opportunity to get them on cheap before the next upcycle.
A protective stop is used. A double bottom is likely if it breaks below the stop.
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All shorts in the red box are trapped, once it breaks out from here. We could see a phenomenal short squeeze that also acts as a reversal signal, since this was a false breakout to the downside. A break above from here would signal the true trend, which is to the upside.
BTC extremely bullish and we possibly have a new cycle starting. The red box is our current stop loss. I´m personally expecting BTC retracing back there, forming a higher low, and then bullish further.
We´ve seen ONT and ZIL taking the lead on the May run, but ZRX is now gaining traction, making it one of the strongest coins to trade right now.
See how it shoots up and crosses over all other coins in terms of relative value.
I have a ZRX long position and probably more on a possible pullback at $0,8.