WAXP / KRW / USD - Bullish divergence

Using the South Korean won chart as there is more history! Nonetheless the 1-day USD chart is shown below. On the above 2-day chart we have:

1) Past RSI resistance has now become support.

2) Stochastic RSI makes higher highs with lower lows in price action = normal bullish divergence

3) Price action finds support on the 21-week moving average (see dollar chart below - green line).

There's not a huge amount of volume flowing into this project right now despite the divergence, however in my eyes this makes it a great opportunity to get in before it does come.

1-day USD chart showing 21-week moving average support

1-day BTC chart - Bullish engulfing candles following oversold period (orange and dark orange column)

Comment: Bullish engulfing candle on the 2-day chart (bull+) as price action tests previous support.

Comment: Now up 550% and overbought. Profits should be taken at those levels.

Trade active: The BTC chart against KRW/USD/EUR is looking very bullish. The symmetrical triangle should breakout soon enough, 2-3x BTC return minimum.

Trade active: Binance listing
Comment: ** swing trade opportunity **

Price action is currently overbought printing a 'great sell' (green bar below), although it is not yet confirmed on the weekly chart (below, but has done on the daily.) Look left, expect a significant pullback.

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