An exceptionally bullish month for WAX met with several days of confirmed resistance at 0.000017.
Price is currently consolidating in the zone under a daily bearish orderblock from December and over a weekly pivot level.
This pivot formed resistance for much of Q1 2019. If the price is able to hold this level, it would confirm this resistance as support and possibly provide the base for the next leg upwards.
Traders anticipating bullish continuation prompted by WAX’s exposure at the Goldman Sachs Disruptive may wish to enter near this underlying pivot.
One potential target near a weekly level 0.000019 provides an excellent risk-reward entry for entries near the current level.
Price is currently consolidating in the zone under a daily bearish orderblock from December and over a weekly pivot level.
This pivot formed resistance for much of Q1 2019. If the price is able to hold this level, it would confirm this resistance as support and possibly provide the base for the next leg upwards.
Traders anticipating bullish continuation prompted by WAX’s exposure at the Goldman Sachs Disruptive may wish to enter near this underlying pivot.
One potential target near a weekly level 0.000019 provides an excellent risk-reward entry for entries near the current level.