Ox (ZRX/BTC) Bullish Cup & Handle Pattern Nearly Complete & Nearing Trend Reversal
SUMMARY
ZRX/BTC Cup formation started Sept of last year and talk about a slow correction; it lasted until Dec. 2017 and had a skyrocket rise of 1,458% into February. Since five Elliott Waves dictate a requisite abc correction, Ox has decided to carve out a bullish downward pointing symmetrical triangle in the form of abcde waves. This would form the handle portion of the pattern. Once wave e is complete, price would also be quite proximal to the apex; and ideal distance for the start of a breakout.
The breakout would be quite impressive and most likely more vertical than as depicted in the below chart. The timeline is approximate as well, with wave 3 completion expected at around early June and 5 for early July or so.
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good! voting complete
Great analysis indeed.
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Nice analysis here
I really love this
zrx is a coin
I hope to be a benefactor someday, upvoted following and resteemed