ZRX A Parabolic Bull Mess
Daily
Looking at our highest timeframe we see a parabolic mess…haha ZRX has recently broke out of its bullish channel, and is currently testing it for support. Stochastic RSI showing momentum is bearish, price showing otherwise. A daily close above 18000 sats activates our daily trade.
4Hour
Shifting over to our pattern timeframe we see price is forming a potential double top @ 17000 sats. Expecting price to come as low as 16250 sats, if price does not hold at this level expecting a drop towards 14000 sats. Stochastic RSI showing momentum is bullish.
Hourly
Finally looking at our trigger timeframe we see price is potentially forming an ascending triangle breakout. A 3rd bounce off 15300 sats confirms this, however there is hourly support 16300 respecting our horizontal and dynamic support. An hourly close above 17500 activates our trade.
Target 1: 20000 sats
Target 2: 25000 sats
Target 3: HODL…trust me
We spend our days following the patterns, technicals and essentials of the
present most sultry data about Bitcoin, Ethereum, and different Altcoins,
and burrow through all the messiness to discover just the best data for our perusers!
In the event that you need the best cryptocurrency to buy / news conveyed
straight to your inbox.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.