ZRX Technical Analysis - Bottom in?
Similar to many crypto-assets, ZRX has found support and rallied for the past few weeks. That support is the [$0.155-$0.176] liquidity area for ZRX. From a weekly perspective, the next area to look out for is [$0.34-$0.40]. If the latter is crossed, one could potentially target higher levels. Until then, given the extensive length of the bear-market, it would be wiser to play it level by level.
Looking at the daily timeframe can bring us a more detailed image with set invalidation points. Here it is for ZRX/USD.
A new level has surfaced when digging deeper into those timeframes and that is $0.223. The latter has been crossed and retested and as long as it holds the next area to look out for will remain [$0.36-$0.40]. Conversely, if it crossed, a new test of the lows will be probable.
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