At D1, the cloud is directing upward, indicating an uptrend.
And the price found support at the Fibonacci level of 61.8%-50%.
At H4, the cloud is directing downward, indicating a price correction at the D1 timeframe.
In addition, the RSI reached the oversold level, after which the price broke the local downtrend line of the falling wedge model.
We recommend buying ZRXUSD now with a stop loss at 0.58 and take the profit near the level of $1 - $1,1.
And the price found support at the Fibonacci level of 61.8%-50%.
At H4, the cloud is directing downward, indicating a price correction at the D1 timeframe.
In addition, the RSI reached the oversold level, after which the price broke the local downtrend line of the falling wedge model.
We recommend buying ZRXUSD now with a stop loss at 0.58 and take the profit near the level of $1 - $1,1.
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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.