Good day traders,
Here we have an update to my previous idea on ZeroX
ZRX have been behaving exactly how we thought it would. As an update to this idea, we are currently waiting for this 4th wave retrace so we can hop on the train for the fifth wave. Trade figures are as follows:
Entry: 15500
Stop: below 800H MA or 13750 which ever comes first
Target 31K, take profit from 25K and up
Risk / reward ratio: 1:8
Note that this trade is invalidated the minute we trade below the 800H MA. Our confirmation after the trade hits is the 400H MA. Now we wait!
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Here we have an update to my previous idea on ZeroX
ZRX have been behaving exactly how we thought it would. As an update to this idea, we are currently waiting for this 4th wave retrace so we can hop on the train for the fifth wave. Trade figures are as follows:
Entry: 15500
Stop: below 800H MA or 13750 which ever comes first
Target 31K, take profit from 25K and up
Risk / reward ratio: 1:8
Note that this trade is invalidated the minute we trade below the 800H MA. Our confirmation after the trade hits is the 400H MA. Now we wait!
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Note
Looks like our correction came in the form of an ABC zig zag. Our C leg ended up being 1.272 of our A leg, very text book. I would say now is a safe time for entry or wait for confirmation above 17500. I don't believe we'll hit our 15500 targetNote
LOL What do you know, we find ourselves at 15500 at last... and here I was, doubting myself earlier. C happens to be close to 1.618 of ANote
The crypto god was with us in this trade. If that isn't a beautiful trade, I don't know what is. Hope some of you were able to get into this trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.