As we approach pattern completion in Bitcoin and other large cap coins, we need to start to spot early leaders. (see: https://steemit.com/bitcoin/@wildtrader/another-bitcoin-drop-setting-up ) 0x (ZRX) is one coin which is showing a is possible here based on technicals, now price must prove. First, let me warn that the pattern of ZRX is that of a diagonal as the first leg was an ABC. These are the type of charts which show higher levels of in-predictability and so forecasts are adjusted more frequently than pure impulses according to the Elliott Wave Theory.
The technicals referred to above are the daily RSI diverging over the last couple lows, and now price turning in such a manner that technicals appear to be turning up. Currently I'm watching for the next bull leg to be a C wave of iii and it should carry us to the $10 region. However before we can put much faith in that, I need to see 5 waves up to 84 cents. This forecast will change if we drop below the February lows, or if the rally from this zone is clearly corrective in nature.
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