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ZRXBTC trade ideas

ZRX is ALMOST ready! (Final Chart)Hello everyone :) This is my third idea regarding ZRX and as I always like to say, third time's the charm! I finally feel confident enough to put a buy zone on my chart. More data has rolled in, and it's very clear buyers are beginning to take control. As ZRX approaches the 6k psychological sat area, keep a very close eye on how the RSI reacts in the daily timeframe. First of all, ZRX is in a massive nearly year-long bullish falling wedge. Weekly RSI is creeping down to oversold zone, but at a very very slow pace. (Pretty much the only reason so far that I can see ZRX POSSIBLY breaking 5k sats.) Daily RSI has been bullishly diverging since early February. Also, daily RSI has been printing higher highs and higher lows with price continually falling. This is a very good sign as it is showing buyer strength is growing. Daily MACD shows a bearish crossover insinuating further downside. Weekly MACD shows very even pressure at the moment, and is beginning to curl upwards for the first time since late 2018. Alongside that, I drew a fib retracement on the chart to show where the current rejection could subside. The 1.618 extension is at 5,828 meanwhile the 2.618 is located at 4,951. The 1.618 extension has confluence of price support on the weekly chart, where a candlebreak happened: Candles on the weekly are interesting to say the least. Last week, a very large pump occurred where ZRX was able to reach just slightly above the 9 MA. This candle was clearly rejected, but formed a massive inverted bullish hammer. This is another sign that buyers are in the area. I actually suspect this was the move of one large whale re accumulating market share. With the accumulation I'm seeing, the divergence in the RSI, the weekly convergence in the MACD, the fact that a sizable whale just accumulated market-share... I think ZRX is actually much much closer to reversal than I originally thought. The buy zones shown on the chart are only my opinion, please keep that in mind. IF these buy zones were to break, next stop is 4k sats. TLDR: I have a feeling ZRX AT LEAST bounces at 5,828, then finds its final low around 5k/5,200 sats. There is a small chance 5,828 could be the reversal point but I am expecting 4,951/5,285 to be the final low for a capitulation selloff. Good luck :)
Long
by deactivatedaccount123
8
ZRX - Great Long-Term Entry PointLooking at ZRX's daily chart, the last breakout completely retraced back into the triangle and bounced off an historical support area. With the price still within the confinements of a falling wedge and with bullish divergence on both the MACD and RSI indicators, I'll be looking for a big breakout once the price clears the 25MA. The daily MACD is also approaching the zero line which could do wonders for the price once broken. I'll be making a long purchase here.
Long
by jpbrown1023
ZRX ready to pop! - #ZRX $ZRXZrx looking ready to pop! RSI is showing bullish divergence on the daily. Volume is increasing. MACD histogram is beginning to uptick on the 4H. These are early signs and it’s looking like it is getting ready to make a move. Enter between 5900 – 6100 Take Profit Targets: TP1 9681 TP2 12016 TP3 13903 TP4 15791 TP5 18477 I’d suggest a wider stop on this trade as it looks to be still forming a base. Alternatively sit out for a while and wait and see how the price reacts in this range, and enter once there is confirmation. Happy trading.
Long
by MintedTrading
3