There maybe some pullback before further growth as ZRX may need to form an accumulation pattern to push through resistance. Buy and sell targets on chart
Cardano will get a boost when Shelly is released and then continue its down trend. This chart shows the upside target and next downside target assuming continuation… Continuation is statistically more probable than reversal. Furthermore, the next downside target will have finally hit the very first head and shoulders target established in the first bull run. This...
Scenario based on previous price action of the asset
This asset has a penchant for 0.5 retrace... 0.5 retrace is complete
We are still waiting on the daily candle for confirmation... but they are definitely winning the 4-hour with a breakout above the falling wedge and bullish divergence on indicators
This is a game where we guess when and what price all he recently minted die-hard btc maxamalists start buying ZRX because its going up so fast.
On Monday Sept 24 Bitcoin dumped hard 2 hours after the S&P 500 dumped… Will this happen again if the S&P 500 fails to break new all-time highs? Sure its fake growth… stock buy backs, repo markets and QE but fake growth is still growth as far as the charts are concerned. Can the Fed print money fast enough to stop Monday Oct 28 being Dump day 2.0? All it takes...
Can ZRX hold the parabolic move??
We require a big green candle here for market to turn bullish A bullish engulfing candle followed by a candle that breaks above 213 billion line then a candle that breaks above the 215 billion line. Basically a strong move that breaks overhead resistance… If we don't see that, odds are in were in for dump…. too… god knows where…? If there is no dump and we...
If these targets are met the market will gain confidence and continue to grow.... 1. Oct 28 : Enter the support of the channel (get above green diagonal line) 2. Dec 19 : Breach the the top of the down trend (challenge the blue diagonal line with red rectangle) 3. Before the end of the year: Make a higher high 4. by June : Make a new all time high
If BAT can clear overhead downtrend resistance it should be clear sailing from here on in.
As I predicted a month ago Zrx was getting ready to pump. This might help find an entry point.
This chart is in log scale. If purple trendline holds we'll be seeing a good portion of up and and a good portion of sideways.