ZRX/USDT has formed a PG on the daily chart.
This new cryptocurrency, like many others, is in a steep uptrend. However, the real test is yet to come as a correction is also missing here. But if we ever see a setback, there are good opportunities to get into this market cheaper here. I have marked the perhaps most conspicuous zones in the weekly chart.
New PG on the daily chart
This PG was now freshly formed and also already left on the upside. Subsequently, it then also went a little further up but this happiness did not last long. If we now return to the PG range, then the breakout was only something for professionals. These small PGs are always a bit tricky in new cryptocurrencies. However, the party on the upside can continue at any time, because the PG is still active.
Possible false breakoutš¤.
A false breakout is also a possibility. If we even close at or below the PG today, then short positions are legitimate. Actually, a setback would be even nicer, because cheaper is better to buy.
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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