Continually being rejected at the 2.36 Fib line!
Hopium is being absorbed for the next pump from the apparent support area
This is the BTC pair for ZRX
I'm posting the signal on the 15min because I think it's the best timeframe to see what's gonna happen in the short period. Basically price broke out but there's a bearish DIV on RSI and CCI (not shown) which indicates price will go down at least in the short period. Moreover ichimoku shows the support is below the triangle's R/S.
To support ichimoku's cloud...
Long term view. Currently attempting breakout from HTF resistances. Turn that resistance into support for the weekly close and it might be moon time.
I like the look of the 1.618 as a target but we'll see what happens.. I'm aware that btc is looking at breaking out of its range, with a target of $75k, that could ruin some alt setups if it does.
Coins that accumulate slowly without much hype such as District Ox has gained my attention. Coiling in a small triangle, 4th touch so should see it break higher now. A 5th touch and further consolidation within the triangle would not be ideal.
Need to see good volume.
As you can see at 4h ZRXBTC chart is following the cloud, it's very similar at daily timeframe as well. I'm not showing the VLPR but current price is just over the control line, most of the transactions happened below current price and most of them where buys. This is good!
At 1h there was a BB light contraction overnight and from there price slightly headed up....
I think 3 years resistance line around 3792 sat rejection was the last one and we will break there permanently in the next attempt. Considering the white ascending triangle + yellow harmonic BAT pattern on weekly, descending wedge and rising channel on 4 h. My first target zone will be 8000 sat zone.
If you look at the chart we are fighting against resistance that is still holding zrx/btc since 2017/18 we had multiple fakeouts during this time (last one took place yesterday on 4h). In 2021 we found great support that is still pushing zrx up. I hope in 1-2 weeks we are going to see massive breakout and achive levels from 2018 (more than 500% comparing to btc)...
