Priceline of ZRX / US Dollar cryptocurrency has formed a bullish Shark and it is entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
We have 50 simple moving average support within PRZ area but volume profile is showing traders interest even below the potential reversal zone, Stochastic is oversold and did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.194078 to 0.174767
Sell between: 0.209236 to 0.245689
Regards,
Atif Akbar (moon333)
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
We have 50 simple moving average support within PRZ area but volume profile is showing traders interest even below the potential reversal zone, Stochastic is oversold and did not give bull cross and MACD is strong bearish so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.194078 to 0.174767
Sell between: 0.209236 to 0.245689
Regards,
Atif Akbar (moon333)
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