ZRXBTC 4H UPDATE - 26/04/2018
The cycle from 4,922 low is called ended at 12,452 as a motive 5 waves, therefore calling for another motive 5 waves to the upside once correction is completed.
So, for now, as long as below 12,452, I expect a pullback in the form of a corrective 3 waves where buyers will appear. Level of interest while waiting for more data to be more precise comes at 8,606-7,699. The setup is clear in the 4h and will be executed in the 1h time frame.
Invalidation to the downside comes in at 12,452 but I don’t like to sell any bounce here.
Invalidation level to the upside is 4,922.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
The cycle from 4,922 low is called ended at 12,452 as a motive 5 waves, therefore calling for another motive 5 waves to the upside once correction is completed.
So, for now, as long as below 12,452, I expect a pullback in the form of a corrective 3 waves where buyers will appear. Level of interest while waiting for more data to be more precise comes at 8,606-7,699. The setup is clear in the 4h and will be executed in the 1h time frame.
Invalidation to the downside comes in at 12,452 but I don’t like to sell any bounce here.
Invalidation level to the upside is 4,922.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
