I love this token and for past 2 months gave me good results. So I'll share it with you the all week with the Atlcoin of the week format
ZRXBTC Daily view
A cycle ended at 19,234 high on 27/01/2018 and since then we have seen a double correction ending exactly at equal leg area 4,765 where it bounced. So far, the outlook in daily is neutral but we have a motive 5 waves from 1,356 low which indicated that we will see another one. Assumption is 1,356 low was starting a new cycle.
I was long from 20/03/2018 in lower time frame and out now (I have not been able to catch the equal leg in daily).
For now in current cycle from 18/03/2018 low, there is no sign of a motive 5 waves and we are reaching equal leg area at 11,772-12,889 with possible extension at 14,698 and beyond.
For those who know me, I don't like to put 5 waves everywhere as I believe that market can trend in corrective 3 waves (thus my labelling in 1-2-3 for ABC or WXY because it is the same in the end).
4,765 is my reference now but it is a soft support as long as we don't break above 19,234 or we have a bullish sequence in daily. So at current level, bears will probably jump in soon and we should have a reaction for a pullback that would stay above 4,765 and I'd like to buy a clear a clear corrective 3 waves.
Every week, for one particular altcoin, in addition to the charts that I upload on TradingView, I will put the comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
ZRXBTC Daily view
A cycle ended at 19,234 high on 27/01/2018 and since then we have seen a double correction ending exactly at equal leg area 4,765 where it bounced. So far, the outlook in daily is neutral but we have a motive 5 waves from 1,356 low which indicated that we will see another one. Assumption is 1,356 low was starting a new cycle.
I was long from 20/03/2018 in lower time frame and out now (I have not been able to catch the equal leg in daily).
For now in current cycle from 18/03/2018 low, there is no sign of a motive 5 waves and we are reaching equal leg area at 11,772-12,889 with possible extension at 14,698 and beyond.
For those who know me, I don't like to put 5 waves everywhere as I believe that market can trend in corrective 3 waves (thus my labelling in 1-2-3 for ABC or WXY because it is the same in the end).
4,765 is my reference now but it is a soft support as long as we don't break above 19,234 or we have a bullish sequence in daily. So at current level, bears will probably jump in soon and we should have a reaction for a pullback that would stay above 4,765 and I'd like to buy a clear a clear corrective 3 waves.
Every week, for one particular altcoin, in addition to the charts that I upload on TradingView, I will put the comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
