$ZRX, Red Days Ahead…
Weekly
Looking at our trend timeframe we see price has formed a double top: top 1 at 20000 and top 2 at 18000. Stochastic RSI showing momentum is heading towards the downside with no signs of slowing down. ZRX is currently testing our psychological support level, possible reversal at this level. Overall I’m expect a drop towards our dynamic/horizontal support level at 11000. A daily close above 15000 activates our trade.
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