Hi, if the previous idea that is working really great for the trader, the chartist I also am was not satisfied because of the count.
Can you spot the difference?
- Equal leg area in an ongoing cycle tells us that count needs to continue to push until this area is reached (truncation at 61.8%-78.4% is also alright).
- RSI divergence. I use this only to determine...
I missed the previous entry but this double correction is a good opportunity.
I want to be very clear here that there is no bullish sequence in 1h and 4h. This is counter-trend and I take the trade because I already made a profit in daily trade and that adding here does not make me take any risk here.
The exact level was proposed in previous idea (linked below)...
Following missed trade on previous idea, here is a possibility for coming sessions with a setup in 1h/15min time frame.
Will update this one, eventhough I am already in ZRXBTC trade.
Cycle ended on 19/03/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence.
First 3 waves down truncated at 61.8%-78.4% extension. From there bounced in 3 waves to fail below last high....
As per mentioned in previous idea, cycle ended on 19003/2018 low at 0.35108044. Since then, ZRXUSD bounced in a 5 waves move (confirmed by RSI divergence), therefore I see an opportunity to go long after the correction of cycle from 22/03/2018 high is completed in a 3 waves sequence.
Stop will be below the 161.8% extension even though invalidation level is...
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...
As you see the RSI has made a series of higher lows and just recently a higher high. Coincidently, the price of 0x in dollars has been going down. As a result we have seen a larger green candle react to this divergence. Could this be the bottom? It may be, perhaps the bottom or the relative price will be tested again in the future.
After seeing 0x at $2.50 and...
SO goes the market...BORING. One of my favorite projects and I am waiting on the sidelines - might buy it cheap, or maybe sell some xrp / ripple for more of this?!?
NOT ADVICE
