ZRX delivering the goods
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ZRX is one our crew has been trading a lot over the last 12 months, its been in a strong down trend and to be honest we had lower targets in mind for a strong buy but its started to consolidate and build a new v bottom over the last month which is getting strong, now making higher highs and higher lows, i can see an EW set up building as well, this push which we are in from the bottom we are looking at an exit at the 1.272 extension and a re buy on the retrace and running the last leg up if it can hold support around the 7260 mark.
Volume is increasing really well although sitting above the medium on the CCI i think this will have legs with the current volume.
Have to keep a close eye on BTC though in case we get some big red candles then we might take the risk and move our stops up to lock in profit take and look for a new entry if it falls over.
If this bottom stays strong in a btc down trend then im confident to load back up on demand.
Volume is increasing really well although sitting above the medium on the CCI i think this will have legs with the current volume.
Have to keep a close eye on BTC though in case we get some big red candles then we might take the risk and move our stops up to lock in profit take and look for a new entry if it falls over.
If this bottom stays strong in a btc down trend then im confident to load back up on demand.
Trade ist aktiv
almost there haha hit the 1.272 and we good for the next entryTrade ist aktiv
Close enough, might still have a day in it to hit this supply level so stops moved up tighter to catch the next retracement.ZRX still going strong and a really nice response to its new "bottom" If we can crack this next supply level and find structure above to hold then i would say the bottoms in and we are moving up.
Slight chance of bearish divergence on the daily now with this last move not having the buyer pressure it needed (possibly that big red candle being the cause of throwing the cci off with the btc dip)
Still confident of this playing out to our over all target and looking to reload position on the next retrace.
18% from our original entry :)
Trade ist aktiv
ANNNDDDD we are done.All targets hit, EW played out a little skewed but hit all fib levels we aimed for.
pushed through supply level now so looking for some support to be built here and some healthy market structure before we start moving again....37% since our original entry
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