ZRX - Very Nice Looking Triangle
Hi guys,
Here is my TA for ZRX - it is in a very interesting spot as we can see. I like the big support we are seeing at the 23.6 fib level and the respect of the higher fib levels in the past. This tells me the market is watching this indicator. A break out could be imminent if BTC can remain healthy - this is a massive decision time, and i spot a trade with a weekly-monthly holding period, which could yield 60% upside (top of trend line resistance), for a 15% downside risk (below 23.6 fib). Alts are in a great spot to make up ground against BTC if it can make the rally into the 8k levels. and i like ZRX as an out-performer.
Best of luck,
Here is my TA for ZRX - it is in a very interesting spot as we can see. I like the big support we are seeing at the 23.6 fib level and the respect of the higher fib levels in the past. This tells me the market is watching this indicator. A break out could be imminent if BTC can remain healthy - this is a massive decision time, and i spot a trade with a weekly-monthly holding period, which could yield 60% upside (top of trend line resistance), for a 15% downside risk (below 23.6 fib). Alts are in a great spot to make up ground against BTC if it can make the rally into the 8k levels. and i like ZRX as an out-performer.
Best of luck,
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