A chart for ZRXUSD
I have identified both possibilities for price action
for the bears, a triple top and a combined rising wedge. Both of these together make a good case for bears
for the bulls, using the MavilimW indicator I have plotted a,b,c, showing a comparison to a previous point in the run up which may repeat
I am siding with the bears generally because the Rising wedge is very indicative of a bearish short term move, which will lead to the breaking of the uptrend line, and movement down the side of the circle.
I have identified both possibilities for price action
for the bears, a triple top and a combined rising wedge. Both of these together make a good case for bears
for the bulls, using the MavilimW indicator I have plotted a,b,c, showing a comparison to a previous point in the run up which may repeat
I am siding with the bears generally because the Rising wedge is very indicative of a bearish short term move, which will lead to the breaking of the uptrend line, and movement down the side of the circle.