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ZRX scenarios for next 2-3 weeks

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Two scenarios for next wave of price movement for the rest of the month.

Bullish scenario sees breaking through to 3.618, bearish scenario assumes further consolidation. Even under an ALT bloodbath, not expecting a fall beyond 1.00 - 1.40.

Leaning bullish as even though we see bearish divergence on RSI, we have some degree of support and room for another big move.

Not
Price target of $2.5 - $3.0 by EOM
Not
Break of upward channel with strong support at 1.45 as expected. Significant buying pressure mitigating initial plummet indicates $2-$3 is still on the cards.

A more significant plummet (like 1INCH) would have shown that price increases over the last month are very temporary.

Healthy pullback. I expect support at $1.5 to form as we continue down over the next day or so. Post consolidation, expect a big swing up.
Not
Moving exactly as per bearish short-term scenario, should continue to consolidate over next coming days before a big breakout to a T1 of $2.1ish
Not
Bounce, but not compelling - expect BTC price growth to cycle into ETH and then lower caps over coming weeks to support more decisive breakout
Not
I'm basically a prophet.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.