Although there is not a lot of conviction in the divergence, we are seeing slightly lower lows on the price (daily) . However, there is clearly higher lows on the RSI daily. As mentioned before the line chart makes it easier to see the divergence instead of the traditional candle formation. Also, the 7500 sat range is clearly acting as support. All in all, there...
- ZRX has been doing a massive retracement on its first initial bull-run which isn't uncharacteristic in the crypto world
- Looks like a 5-3-5 A-B-C Correction
- Wave C in the correction looks like its nearing completion as it nearing a well established lower trend line
- Test of lower trend line would be 5800-5900 sats
