After big move to upside by ZRX failing to breakout we are seeing an healty correction.
the retracement has hit 0.5 Fib zone without breaking it.
holding price above 9 EMA is pretty bullish due creating more space on RSI and preparing to the next move to upside.
On MACD we can see momentum shifting downside which can be also good consolidating the current price and creating good entry options.
If the price holds above 2.10 we can definetly see ZRW trying to breakout again at ~2.30.
Target is 2.60 (previous ATH)
the retracement has hit 0.5 Fib zone without breaking it.
holding price above 9 EMA is pretty bullish due creating more space on RSI and preparing to the next move to upside.
On MACD we can see momentum shifting downside which can be also good consolidating the current price and creating good entry options.
If the price holds above 2.10 we can definetly see ZRW trying to breakout again at ~2.30.
Target is 2.60 (previous ATH)