ZRXUSD has been correcting the cycle from 13/01/2018 high from 2.4786 in a 3 waves move - 13/01/2018 low, 27/01/2018 high and I am calling 19/03/2018 low at 0.3487.
Work is based on EW theory adapted by The Trader's Corner on daily, 4h and 1h time-frame.
Also, ZRXBTC has a clear structure and also reached equal leg area, not only ZRX should appreciate against USD but also against BTC.
Work is based on EW theory adapted by The Trader's Corner on daily, 4h and 1h time-frame.
Also, ZRXBTC has a clear structure and also reached equal leg area, not only ZRX should appreciate against USD but also against BTC.
Comment:
Nice nesting structure in 1h chart. Will post a 1h trade idea on this one when opportunity arises.
Comment:
The view is doing pretty well. Expect 0.7900-0.8583 at least before pull-back. I'm long since 19/03 and will take partial profit to secure risk free position - we would be 3 waves up and can maintain position on daily only with wide stop with any (no leverage)
