ZRX like many Alts just keeps dropping lower and lower. Currently showing a bottomming process (slow and wide). Several Fib sequences look to be ending around 15 cent price.
Left Chart is 2-day timeframe with Fib of decline since CoinBase intro. Right Upper is 6-hour tf with fib of decline cuased by last Impulse down. Right Lower is 1-hour tf with a possible UPWARD Impulse/Fib in progress.
CHART NOTES: Drag UP on the PRICE scale to reduce overlapping numbers. Drag DOWN on PRICE scale to see fibs above/below window.
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Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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Well that was a nice catch! about 65% ROE Grats to all the ZRX faithful.
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Taking a close look at the bounce Sure looks like a 5 part Impulse Wave, and fits the EW 'rule' of: deep and long wave 2 which often matches with a shallow and quick wave 4. If so, this could be an attempt at 30 cents, but maybe settles for .295 ?