On the 4 hour we see that ZRX has formed a large ascending triangle. This is confirmed with the surge in volume that preceded the move and created the flagpole. Based on this bullish continuation pattern, we can reasonably assume that future price movement should equal the widest distance of the price action within the triangle. The green box outlines optimal profit while fib extensions should provide interim targets.

Based on the technicals we see a bullish MACD cross in the making along with a healthy RSI that has plenty of room to run. Furthermore, the kumo is ranging upwards bullishly while we see a weak TK cross in the making which will allow for an entry.

On the 6 hour we see that a bullish TK cross set us up for a nice bull run once BTC stabilizes. Price has found support between the 38.2 and 50 fib. Furthermore, the 50 EMA provides solid support in conjunction with the Kijun if a BTC free fall is to occur.

Optimal Entry: 13.5k (Kijun)

Likely Range: 13.5k - 14.6k

Stop/Loss: 12.4k

Optimal Profit: 25.2k+

Interim Targets: 16.6k, 17.8k, 19.4k, 21.5k

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Thank You

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