ZRX Cup n' Handle with Equal Pennant
Hello, welcome to my ZRX analysis!
For ZRX we've started off making a cup and handle, completed the retrace, then moved into an equal wedge structure. The overall cup-target has not been completed for ZRX, therefore, after we break the pennant's upper trend we should see a decent run.
Green zones are targets, an entry currently would be when it decisively bounces off of the base of the wedge (Wave E) then proceeding to challenge a break out on the top giving time for you to react and hold till you see fit. If it is rejected then you can still sell for a profit. An appropriate stop would be below the pennant. Unlike with ICX where, where we saw the same structuring, we'll likely have BTC working with us this time.
Feel free to join in on the discord for conversation and ask to be added to notifications if you'd like to be notified of posts.
The link is still available on my profile, good luck trading!
For ZRX we've started off making a cup and handle, completed the retrace, then moved into an equal wedge structure. The overall cup-target has not been completed for ZRX, therefore, after we break the pennant's upper trend we should see a decent run.
Green zones are targets, an entry currently would be when it decisively bounces off of the base of the wedge (Wave E) then proceeding to challenge a break out on the top giving time for you to react and hold till you see fit. If it is rejected then you can still sell for a profit. An appropriate stop would be below the pennant. Unlike with ICX where, where we saw the same structuring, we'll likely have BTC working with us this time.
Feel free to join in on the discord for conversation and ask to be added to notifications if you'd like to be notified of posts.
The link is still available on my profile, good luck trading!
Catatan
There was no entry as we did not bounce from wave E, just moved horizontal until we landed at 11k; this being our 50% retrace for a cup and handle pattern. The targets are still applicable, sorry for the late update, discord is my priority for posting.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.