ZRX Parabolic Leg 2!!!
Daily
Looking at our trend timeframe we see ZRX has gone parabolic, after finding support @ 0.00005000. Major resistance @ 0.00018000, price has broke out of it bullish channel and looks to be testing support. Stochastic RSI showing momentum is bearish.
4Hour
Shifting over to our patten timeframe we get a better look at price breaking out of it’s channel and finding support. A 4hour close above 0.00017000 activates our 4hour trade. Stochastic RSI showing momentum has bottomed out and is slowing heading towards the upside.
Hourly
Finally looking over at our trigger timeframe we see price has formed a double bottom @ 0.0001480 zone. An hourly close above 0.00016000 activates our trade. As this analysis’s being typed price has broke and tested 0.00016000 for support. Stochastic RSI showing momentum is bullish.
Conclusion
Buy after break and close above 0.00017000 / Hourly close above 0.00016000
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