ZRX/USDT (Consolidation at Key Level Support)

25 de out. de 2020

💎Technical Analysis Summary💎


BINANCE: ZRXUSDT


-After the strong rejection at the 0.96$ resistance area
-The price fell back to its key support area
-This is an important key level since April 2019
-Is this a good buying opportunity?
-Answer is No, why? because it is coming from a strong rejection
-And this short consolidation range might be a Bear flag
-So avoid the bearish potential, you need to wait until
-The local resistance is broken upward around 0.42s area
-That will invalidate the potential falg
-But if you are looking to short the market
-Simply wait for the support breakdown



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