On this weekly chart of ZRX we can see ZRX has broken the major red resistance line. ZRX then went on to form an ascending triangle and broke through the lime green line. The light blue resistance line at 0.79cents coincides with the RSI hitting it's own resistance level at 81.67 on the RSI.
If ZRX can break the light blue line the next target is the yellow resistance line is at 0.93cents where we expect some heavy resistance.
The RSI has hit 81.67 shown by a light blue resistance line. On this daily chart below you can see the significance of the RSI blue line at 81.67
Is it a time to short when the RSI hits 81.67 or wait for the pullback and add to the long?
ZRX about to break through lime green trend line
ZRX has broken above the red horizontal line. Needs to close 2 candles above to confirm major upward move
Need to break 0.618 fib level @ around 0.44cents and then some resistance at around 0.62cents.
LMACD shows a nice bullish move is possible if ZRX breaks above 0
RSI level at 81.67 is the target
Daily log chart below.
ZRX about to break through lime green trend line
ZRX has broken above the red horizontal line. Needs to close 2 candles above to confirm major upward move
Need to break 0.618 fib level @ around 0.44cents and then some resistance at around 0.62cents.
LMACD shows a nice bullish move is possible if ZRX breaks above 0
RSI level at 81.67 is the target
Happy trading legends!
HTBB