Trend is bullish
ZRX Daily chart has a large volume bar that exceeds the other bars for the past several months and looks like a valid breakout. This impulsive move to the upside will be likely to continue.
If you want to get in on ZRX, this is a good time to Buy On The Dip. We have a break of the MA20 and MA200. A retest of MA200 Between Fib .382 and .5. ...
If a short pullback then watch for MA21 69.96 and .382 at 65.98. If it breaks, then this 5th wave completion is ready to retest MA50 at 62.39 or bounce somewhere around Fib .5 60.21 MFI shows LTC price range should start heading downward soon.
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I am watching for a healthy pullback somewhere between the MA50 and MA100 or at the S/R 8368.
RSI at 64.51 heading down
Notice the S/R at 9085 - if we break this support look for the next S/R at 8368.
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The pullback on Basic Attention Token has a couple of indicators pointing to a range between (Fib .618).1918 to (Fib .5).2067 as a decent entry point to ride the third wave up to .35 - .38 highlighted in grey (Fib 1.618 bottom to top). RSI hits 74 overbought territories as it now moves downward. Moving averages are kissing the trendline.
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The ABCDE triangle correction of primary wave 1 could be complete. It is in the range of the previous 4th wave (highlighted). This is similar to the ABCDE correction of cycle III wave completing in the range of the previous 4th wave (highlighted).
Fib retracement 1.618 target range at $18350
M50 has crossed the MA200 with upward momentum breaking through S/R lines.
If we maintain this price movement, then the red arrow and yellow circle is a key area to watch.
FOR ENTERTAINMENT PURPOSES – NOT FINANCIAL ADVICE
LTC ATH to low
possible retest of MA50... if not ready for take off.
Target (1) .236 116 or S/R line 134.93
Target (2) .382 174 or S/R line 182
Target (3) .706 303 or S/R line 304
Target (4) .886 375 or S/R line 383
20% long position at 93.50
ATH to low - MA50 is over MA200 a possible retest of MA200 before moving upward to
target (1) .236 - 390 or S/R line 361
target (2) .382 - 587 or S/R line 563
target (3) .5 - 746 or S/R lines 729 - 757
target (4) .706 - 1023 or S/R line 990
target (5) .886 - 1266 or S/R line 1214
Laddered buys at 302; 271; and possible at retest.
The symmetrical triangle will force a move up or down soon. The overall pattern looks bullish. Using Price Action Based (PABT) theory: only two moves - Expansion and consolidation, the LLPB is 94.74, deep low on the weekly 76 could be complete and the bull target is 136 - 145.
LTC is still hoovering around 100 and has a crossover of MA20 MA50 which signals a move downward to retest the .618 and S/R at 96. I hit my stop loss and will be watching for a reentry at this lower level. This would complete the ABC with C at the 96 price range.