Chivashon

$WAX $WAX.X - Its Gambling Night

BITTREX:WAXBTC   None
Looking at WAX on the 4 Hour chart here, taking a position here.

Bullish Signals:
10 period MA crossing the 20 Period MA
Previous two Candles closed above both the 10 and 20 day
Multiple support bounces of the 50 Period MA
The whole trend has crossed over the 200 Period MA
Buy Volume is slowly on the Rise
Stoch value on the rising and over 50 showing a strong trend and the K blue Line is above the Red.
RSI is over 50, slightly Trending up though the overall pressure is on a slow decline which is a slight concern
the 1 Day Chart shows a nice trend over the 10 period MA for long term.

The Bollinger Bands on the 4 hour are also coming to a squeeze which is a typical sign the volatility is about to break out, though predicting the direction is the real gamble as it can go anywhere, though since the 1 day has shown a good steady bullish tone and there is no signs of oversold conditions with Stoch and RSI I'm going for the trade.

Going to let it ride see where this one goes. In an overall bearish market i aim for 2-5% gains before i cash out.

Stops right now @ 0.00002058.
Comment: Bought @ 0.00002199
Sold @ 0.00002374

7% Gain though their is a chance that it looks like this token is still on a nice bullish run and you can see higher gains for a little longer.

Comments

And it went to 4400.... Oh well.
Reply
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