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#ZRX/USD Ready to JUMP
Near of super strong support about 0.15-0.16 $
FIRST target: 0.244$
SECOND target: 0.31$
THIRD target: 0.365$
FORTH target: OPEN
STOP LOSS: under0.143$
We are doing only 5x on this one not because the setup is weak but because it is already moving.
We are more conservative with the public ones as well, we can do 5-6x here, private it can go up to 10x.
Leveraged trading is high risk.
ZRXUSD has been giving out strong bullish signals based on the volume. We can see high buy volume lately.
Current price trades...
Inverted H&S on an angle
This is the 4Hr chart but can be viewed on the daily.
The angle makes the recovery a bit more difficult but it should still see a bounce at the right shoulder point.
Bars pattern shows my thoughts.
An idea for ZRXUSD showing an inverted H&S on the side I expect the right shoulder to provide bullish results hitting an upper trend line that could act as resistance at .47 Bars pattern for emphasis
#ZRX confirmed higher low following is natural angle + hurdled intermediate descending TL. Possible paths are mostly bullish from here. Risk: losing ascending support.
Price is currently within a large down channel
I expect a move up to the top of the channel and then revert back to the norm of back within the channel
It is possible that price breaks the channel and continues up to the thick horizontal line. Speculative though.
Falling Wedge Breakout
Is this a beautiful pattern or what. Ah but there is one thing missing......volume! LOL. That might be why it is nearly perfect. No volatile moves. HHHMMMMM.
ZRXUSD looks beautiful on multiple platforms. I posted a snapshot of ZRXUS on Coinbase yesterday as it looks similar to what I am holding in Kraken.
not sure what this protocol is seeking to accomplish but they are at a significant discount when looking at the value. once the market turns around this along with everyhting else will run, this will have some nice gains for a simple trade
Double bottom patterns are evident on chart
They can be seen to be on a slant from bottom to bottom
I have circled the pattern.
This allows a potential breakout suggestion considering where we are in this current circle.
looking like its getting to the bottom here, without a complete blow up of the space this should be around as low as it goes. accumulation phase for this along with the other ETH plays. Will follow eth, if eth falls this will keep falling.
Logarithm. The time frame is 1 day.
The local triangle area inside the wedge formation. A decoupling is imminent.
Secondary trend
ZRX/USD Secondary trend. Downward wedge.
