ZRX/USD is still trapped within a down channel but the buyers seems determined to send the rate much above this pattern. Price escaped from the down channel, but failed to to stay above the confluence area.
You should wait for a valid breakout before you go long again. The first significant upside target it will be at the upside 50% Fiboacci line of the ascending pitchfork. The stop loss can be placed below the previous low.
You should wait for a valid breakout before you go long again. The first significant upside target it will be at the upside 50% Fiboacci line of the ascending pitchfork. The stop loss can be placed below the previous low.
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Disclaimer
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.