ZRXBTC in Giant Bullish Triangle

15 Mac 2020

ZRX/BTC, despite the extreme fall of the BTC, has barely moved and continues to consolidate in the huge Bullish Triangle. Price movements decrease over time and the price level is compressed, followed by BreakOut. If the ZRX allows us, I will certainly get it at 2750sats, from which I expect a reflection towards UP. As support we can consider the BK231 indicator, which is starting to have a growing tendency and this suggests the transition from the correction to the impulse structure. In the case of Fake BreakOut, I also charted the Re-Buy zone at 2100sats. Further in the chart you can see the Key and Bullish zone, these levels will have a big impact on the future development of the chart. In the Key Zone, we have to notice the reaction of Bulls and Bears. Once we test the Bullish Zone, the chart will continue to UP to fill our Target. The first Take profit zone is determined by the horizontal resistance (5100sats) and the second Take profit zone is the Fibonacci projection of the 1,618 first pulse wave (6230sats).