ZRXBTC

ZRXBTC

TECHNICAL ANALYSIS:
 THE OLD BEARISH MOVE CHART

With an ATH of 0.00019001sats on the 27th of January 2018, ZRX gradually formed a pattern called
ROOF PATTERN
The roof pattern is bearish pattern that is mostly found when price has reached it ATH and moving down.
It is usually found on the daily or weekly chart.
With confirmation of the bearish candlestick closing inside the roof pattern gives more signal for a downward move.
The measured height of the top of the roof to the bottom of the roof is the target to buy back, as price will likely
range between the 0.382fib retracement level and the 0.238fib retracement level.
 THE NEW BULLISH MOVE CHART:

More move to the down side, comes another pattern call FALLING WEDGE. Falling wedge has lower highs and lowers lows,
moving between two down-sloping and converging trendlines
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower.
This price action forms a cone that slopes down as the reaction highs and reaction lows converge.
THE BREAKOUT Can be in any direction but is upward 68% of the time. The pattern confirms as a valid one when price closes outside one of the trendlines.
Looking to hold at any of the two support levels (1  or 2)
Volume has reduced, and STOCHASTIC RSI fully oversold.
ZRX can also be held for a long term and more ROI.

TECHNICALS suggests that price is moving so fast is gradually coming to an end.


Disclaimer: The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

$COV HODL

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