ZRX 0x Analysis - Next Wave Up - POSSIBLE TREND BREAKOUT!
AS YOU CAN SEE FROM THE ARROW THAT I DREW IN GREEN, THERE IS A POSSIBILITY OF AN UPWARDS MOVE TO BREAK RESITANCE AFTER MACD AND RSI INDICATORS SHOW SUPPORT ZONES REACHED. NOW THE QUESTION IS, DO WE BREAK THAT DOWNWARDS UPPER TREND WALL OR DO WE BOUNCE OFF AND DOWN TO THE BOTTOM OF THE CHANNEL TO TEST LOWER LEVEL SUPPORT WHICH MIGHT BE A GREATER BUY OPPORTUNITY IF PATIENT. THIS A GREAT PROJECT AND IT ALSO HAS A 'STRONG BUY' RATING ACROSS THE CHARTS ON TRADINGVIEW TECHNICAL INDICATORS (TAKE A LOOK). I SEE THIS STARTING TO MOVE UPWARDS AFTER A FEW DAYS OF DOWNWARD WAVE CYCLES.
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