I am bullish on ZRX for the next month as the previous up and down trends have lasted about 50 days each. The current up trend is only 5 days old. My position closed at my tight trailing stop today. I am gaining confidence with this trend that I may consider holding longer term on my next entry. However, my cryptonoob guts sense a pullback coming. I just learned about Elliot Waves today. I see 5 waves on the current up trend. Will there be 3 waves down? Is the market that easily predictable? Will the RSI drop down and bounce off the 50 RSI? No need to rush... Let's see what it looks like in the morning (Tokyo Time).
*A noob just doing a quick and casual analysis
*A noob just doing a quick and casual analysis
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.