0.00001465 is the lowest point we can see on the chart
ZRX/btc is currently falling down the channel, followed by a triple bullish divergence, usually such patterns are bullish.
Also the weekly MACD is about to curve back up.
If that was the case and if we do not take out the All Time Low on the chart, then ZRX has a high chance of completing the reversal inverse head and shoulders pattern.
If that was to happen we could see ZRX propel very very high from this point.
This is a long term pattern, could take weeks or months before it completes the right shoulder, but once it's completed (if it plays out), then that would be an A+ setup.
This post is for educational purpose only.
Trade at your own risk
ZRX/btc is currently falling down the channel, followed by a triple bullish divergence, usually such patterns are bullish.
Also the weekly MACD is about to curve back up.
If that was the case and if we do not take out the All Time Low on the chart, then ZRX has a high chance of completing the reversal inverse head and shoulders pattern.
If that was to happen we could see ZRX propel very very high from this point.
This is a long term pattern, could take weeks or months before it completes the right shoulder, but once it's completed (if it plays out), then that would be an A+ setup.
This post is for educational purpose only.
Trade at your own risk