ZRX.USD with a strong Bounce but approaching resistances

9 Nov 2019

Quick heads up that 0x is about to hit some significant resistance zones.
ZRX took the last dump hard, but bounced vigorously from expected support.
Now approaching the first wiffs of resistance, with stronger turbulence above.

.3041xx is immediate resistance that might pull it back.
.30100 is front run with fibs just before, will be tough.
.333xx is the ultimate target if bulls remain strong.

This is an update to my last Plot looking for a breakout:

That breakout DID happen, then Bitcoin swooned and crashed the party.
I think ZRX is going to mount another attack on the resistances above.
The pinpoint bounce and subsequent piercing of fibs shows strength.

Previously, we caught the bounce from 26 cents perfectly:

9 Nov 2019

Nota

As expected, we got a pullback from the strong resistance This one was painfully obvious to all, considering the previous rejections from that price. Ie: one did not need fibs to see that one, and apparently many traders sold.

Zoomed in and new fib of bounce shows quite Bullish activity If the bounce from 1.236 followed by bounce from 1.382 just above would be a great sign.

Lets see if we continue here.