ZRXUSD has formed a bullish inverted head and shoulders for the last several months and it's ready to rear it's horns in this hot crypto market
If you know anything about ZRX then you'd know it's a darling protocol token with rock hard fundamentals
To be fair, my targets are conservative but if you know the BTC pairing then you know that this was a 10x last...
OCN has had a great run these last few weeks and now we are in a good position to jump on this trend.
After breaking out of resistance we see that price retested that price zone and is now acting as support.
21 EMA has also been a good indication of support.
R:R is ideal in the low 90 sats for entry and high 80 sats as a SL.
Good luck traders and...
Median line theory here has convinced me to go long. The rules I'm applying are these:
"If price doesn't reach the median line it is likely to go in the opposite direction"
"If price breaks the reaction line, it is likely to continue in that direction"
Not only did price break the reaction line it bounced off of it.
That bounce was also a clean 2nd entry.
Tron has had a decent run for the last month and it's time to say goodbye.
The crypto market is full on bear and fortunately for Tron (whatever the reason maybe) it's been ranging for the last few months.
Rising wedge is fairly reliable and so are double tops. I like the R/R here and more importantly we're going with trend.
See you at the bottom.