A month has passed and it is time to look at ZRX again. Last month the price of ZRX was around ~13000
sats and as of now has dropped to 9500 sats and as low as 8300 sats. The TD count on the weekly did not
make it passed the 5 and doesn’t look to favor any direction at the moment. The temporarily correction of
4 red candles, partially caused by the heavy BTC drop, could end on the weekly doji though. The RSI is
currently trending up and could form a higher low if ZRX decides to go back up. The weekly low of the
first week of September and the higher low of lasts week combined with the lower low of the MACD
since then indicates a hidden bullish divergence. Price action doesn’t show much but the indicators are
leaning slightly towards bullish.
I found something interesting on the 3 days chart that made me lean more bullish. The TD count there
ended on a 9 with a very nice bounce on this possible symmetrical triangle. Looking at the indicators we
can also see a bullish pattern. As soon as the RSI crosses and exits the oversold are, a bull run follows.
Simultaniously to the conditions mentioned for the RSI, the MACD tends to have reached a local
maximum distance between the two converging lines and start to move towards a golden cross. Every
time that both these indicators were in this setting, a bull run followed as indicated by previous set in
place green zones. Therefor I have added a stiped green line for a potential start of another green zone,
bull run.

I found something interesting on the 3 days chart that made me lean more bullish. The TD count there
ended on a 9 with a very nice bounce on this possible symmetrical triangle. Looking at the indicators we
can also see a bullish pattern. As soon as the RSI crosses and exits the oversold are, a bull run follows.
Simultaniously to the conditions mentioned for the RSI, the MACD tends to have reached a local
maximum distance between the two converging lines and start to move towards a golden cross. Every
time that both these indicators were in this setting, a bull run followed as indicated by previous set in
place green zones. Therefor I have added a stiped green line for a potential start of another green zone,
bull run.

On the daily chart is where we can see how well ZRX followed my predicted falling wedge, created at the
start of the bottom line. At some point ZRX broke down the falling wedge which normally signs to a
failed prediction for the falling wedge. However in this case, the price remained ranging in the yellow
zone which still ran parallel to the bottom of the falling wedge. Such price movement after breaking down
a falling wedge tends to be marked as a failed breakdown and does not invalide the falling wedge. As the
price shows, it got above the bottom line of the falling wedge just 2 days ago. If you plan to trade this, I
would try to get a buy in around the blue zone, between 8800 – 9500 sats and aim for the main target of
the green zone, 12000 – 13000 sats. The RSI is a bit overbought so we might expect a small drop but the
MACD is making a golden cross, aka bullish.

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