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Weekly
Looking at our trend timeframe we see price has left us with a higher low at 8000, our previous higher low was back on March 19, 2018. ZRX is now attempting to break out out it’s minor downtrend that started in May. Stochastic RSI showing momentum is in favor of bulls. Coinbase has confirmed ZRX being added to their exchange.
Daily
Shifting over to our pattern timeframe we price see has found support at 11000, leaving us with a better view of our higher low. ZRX now looking to leave a higher high, breaking out of our mind downtrend. A daily close above 12200 activates our trade, momentum in favor of bears. Leaning towards a daily close above this level sometime this week, after this it’’s only up…
Conclusion
- Buy: After Daily Close Above 12200
- Sell: Nooo
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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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