CRYPTO of the week: ZRXBTC 1h Asia 25/04/2018
ZRXBTC 1H ASIA UPDATE
Cycle from 9,715 low is still alive and while above 10,920 we should see 12,732-13,163, possibly 13,860.
Break below 10,920 would end the cycle from 9,715 and put pressure in 9,715 (which is soft support and should not be used as stop). So if this happens, we might still be in purple 4 with a FLAT from 18/04/2018 high.
To be noted that we have enough swings to the upside for purple 5 to be completed and therefore cycle from 4,765 low to be ended as well, so I won't chase here higher (I'm out of position since 10,920). I don't like to sell here or higher as well.
Invalidation to the upside is 4,764 as there is no sequence in motive 5 waves.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Cycle from 9,715 low is still alive and while above 10,920 we should see 12,732-13,163, possibly 13,860.
Break below 10,920 would end the cycle from 9,715 and put pressure in 9,715 (which is soft support and should not be used as stop). So if this happens, we might still be in purple 4 with a FLAT from 18/04/2018 high.
To be noted that we have enough swings to the upside for purple 5 to be completed and therefore cycle from 4,765 low to be ended as well, so I won't chase here higher (I'm out of position since 10,920). I don't like to sell here or higher as well.
Invalidation to the upside is 4,764 as there is no sequence in motive 5 waves.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 22/04/2018-28/04/2018, I propose ZRXBTC
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Will look to buy 3 waves pullback in coming sessions