Chart and Fib Extensions/Retracements are in Log Scale. Prices and Targets are moved to the right for clarity to not clutter the chart. (Not Scaled to Time)
Short term
In the purple count, we can confirm it was a wave 1-2 because the 1.618 hits the top of wave 3 at around $2
*Looking for a pullback into the 0.382 level at around $1.40 range *Possible stop loss at around $1.35 and look to enter at $1.17 or $1.00. If it goes below $1, the count is invalidated. *Short Term target is $3.50 range.
Medium Term :
Taking the Yellow 1-2 count, and using log scale with fib extension, we get a target of $10 at the 1.618 level medium term.
After a correction from the purple wave, the 0.382 is a typical retracement at $2.30 range. Then heading into $10 target.
Longer Term: *Yellow wave retraces back to around $6.50 range before heading higher to possibly $16-$18 target
Things to keep in mind: - Many other factors could affect the chart and change the count. - Bonds, Yields, Inflation, Stimulus, etc. - BTC price action may extend or lower ZRX's price. - Chart is not scaled to time, can happen much sooner or much more later.
This is not financial advice. For entertainment/educational purposes only. Please only invest what you can afford to lose and set stop losses below support so you do not get stopped out during a volatile session.
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Buy Zone for Purple wave is between $1.40 and $1.20. Entered 800 @ $1.8, I believed it was breaking out of the consolidation period. Still holding. Cut Loss @ $1.15