Well it looks like BTC decided to take a shit on the markets today. ZRX is in buy area for wave 5. Some positives about this is Bitfinex recently accepted them for margin trading, it passed all of there 'tests' and Coinbase added them to there collection. Its a good risk reward, risk 10c to make 70c+ seems like good value to me.
You can see two of the oscillators is showing hidden bullish divergence. It is sitting on the 84% fib line which is still bullish, should it break the zero mark you can void it as the 5th wave.
Look for a structure like this then buy or if you dont mind going negitive for a while buy now.
You can see two of the oscillators is showing hidden bullish divergence. It is sitting on the 84% fib line which is still bullish, should it break the zero mark you can void it as the 5th wave.
Look for a structure like this then buy or if you dont mind going negitive for a while buy now.
Comment:
So far so good. This has started to move so time to move sl above breakeven. Area of interest will be these fib levels. 90c seems to be a good physiological level to target. Really would like to break up through that, that would confirm a wave 5. Bear in mind that it can go the otherway to so move SL accordingly as it moves up. Fib levels make good targets.
Comment:
Just to let you know my personal target for this is $1.20 but needs to break them fib levels to confirm the move up and not just a pullback to move lower.