ZRXUSD 2d speculative setup 200% gains (NEW)before we kick start the update. your upvotes/subs are appreciated.
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ZRXUSD 2d speculative setup 200% gains (NEW)
IMPORTANT: this is a speculative setup, performance
is not guaranteed, so please use a tight stop loss.
ZRXUSD could be an IHS setup on 2D chart, keep in
mind this is speculative, so use tight stop loss at all
times. Back to the setup. IHS head print near 10000/11000
later in April 2020. Neckline near 34000, so it's 200% gain
from low until the neckline.
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ZRXUSD trade ideas
ZRX- TECHNICALS ARE BULLISH - Altcoin TAHey there,
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So this is a bit different that what I ususally do. Normaly I don't post any charts of smaller cap altcoins and only
refer to the bigger ones, such as Litecoin and Ethereum.
Nonetheless, ZRX price movements look quite promising and have a strong bullish bias.
As you can see on the chart, we have consistent higher lows on the weekly timeframe and are forming a
horizontal resistance line at the the top at $0.37. It already looks much like an ascending triangle, which
is a pattern which I trade often and like the most for bullish action.
The moving averages aren't looking too significant on this chart since they are mostly moving through price
on the daily timeframe.
Also there is a critical support area down below at 0.156$ which definitely has to hold, if ZRX wants to see
growth over the next altcoin cycle.
That is actually the main point here. Will we see another altcoin-cycle or are all smaller cap altcoins doomed
for eternity? Well of course Bitcoin needs to be in an uptrend for ZRX to move higher, but since this is a
clear bullish structure for now, I think it will be a cleaner and stronger play, if the next altcoin cycle arrives!
So far so good!
Cheers,
Konrad
Bullish if we get a good daily closeLooks like a textbook reverse Head and shoulders formation, and if the price can close the daily candle above that neckline ~0.35 I will be getting exremely bullish. I plan to buy into that strength and then if we come back down and retest the top of the neckline, I'll buy more.
This thing has the potential to do 100% this year if this plays out.
Yellow line marks my target/resistance