ZRX reached its ATH 5/02/21, since then it has been on a gradual but slow retracement down to 200sma although the general market outlook is still in a bullish trend. 23/02/21 ZRX failed to test the 200 sma, re attempted on 26/02/21 and now we see a small sharp bounce. Notice before entering we may see another retest of the 200 sma at 100% Fib retracement level from ATH levels of 5/02/21 before we can see the cryptocurrency attempt to the push phase back to the upside. Potential 70+% gain back to 2.17USD. If the ATH is broken we can expect to test new highs at 2.43USD. Notice the potential of a double bottom before the big push back to ATHs.
@df777, and you’re getting this information from where? Mainstream media?! This bull run so far has been unprecedented and will continue to, for atleast another 9-18 months, what’s your fundamentals on this outlook?
Jemkie
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@FXCapitalKings, The bears are out in full force and spreading an enormous amount of FUD - they're getting quite euphoric. Should see BTC short charts for 15k at the moment. It's quite hysterical
@df777, I can't tell if you're missing my sarcasm or my laughter at the hyper-bears that are about to get short squeezed, but I'm disagreeing with you :p
df777
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@Jemkie, how much do you think it will jump ? 2,40 usd ?
Jemkie
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@df777, Previous ATH was around there, most coins have set 20-40% higher than their previous ATH's recently. We haven't hit a proper alt season yet, I'd imagine ZRX sitting happy 2.5-3 after an initial blow off top
@df777, AHA very much disagree, if you want some free money, now is the perfect time! Expect another impulsive move! Where are your holds currently?
Remdog420
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@Jemkie, let these exchanges lend all of the crypto they want to shorts, as unlike equities, they cannot print any new ones and giving half the float for just about every coin is held in a personal wallet, cold storage or staked, short squeezes=paradise, something retail investors rarely if ever were able to participate in. This is how hedge funds make their billions, but now, we all have the same opportunity as the deck is no longer rigged.