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Technical analysis by Zorroreny about Symbol ZRX: Buy recommendation (4/23/2025)

https://sahmeto.com/message/3442871
Zorroreny
Zorroreny
Rank: 636
2.8
Buy،Technical،Zorroreny

ZRX up to now has been doing pretty predictable moves. Reversal always led to fibb 0.886 level test, be it to upside or downside. Only expection was in recent bull run of March 2024 where if failed to rech fibb 0.886 level. Hard to say what is importance of this and which implications has for the future but we are oversold, sitting at RSI support line which always brought reversal to upside. I expect strong push up where RSI should hit overbought range again. Potential targets are local fibb 0.886 level (carefull not to miss it again) and overextend to test major price resistance at 2.50$.

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
Profit Target:
$2.5
Stop Loss Price
$0.2
Price at Publish Time:
$0.27115
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