ZRX Is Looking Strong

The price action of ZRX is very generally slow but when it wants to move, it moves really fast. Today, it is becoming active and trying to break its last resistance. Let's have a look at the chart.

The current price is $0.419 and the resistance level is around $0.413. If we want to see a good price action in upward direction then we need to close above the $0.413 value. The price action is good and the market is volatile now. So it should close above that level hopefully. Let's have a clear look at the chart.

I will get into this trade as soon as the daily candle closes. It all depends on the daily candle closing above its last resistance and it would give us some solid information about the market trend and momentum. Other indicators and signals has already signalled the buy opportunity a couple of days back and its still in the buy zone.

My first target would be around $0.49 and I would definitely put a stop limit on this one because I don't want my money to be stuck for years. In the long run, I am not so sure if ZRX can moon because there are not so much catalyst there to move the price to say 10x or 15x . It has the upward potential but not that much. But nobody knows what this bull market can bring. It can wake up even the shittiest coins and gains are just unimaginable.

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