PolarHusk

WRX/BTC (Longer Consolidation?)

BINANCE:WRXBTC   WRX / Bitcoin
BINANCE: WRXBTC


-WRX has been trading inside a long descending channel
-It started last March blow-off top at 2500 sat
-Since then, only a series of Lower Highs and Lower Lows
-This is Bearish in terms of price action
-The good side though is we have a Bullish RSI divergence
-Which is a sign of weakness of selling pressure
-Also, WRX is now trading at previous support area last Feb
-WRX must defend the 800 sat area and try to build a support
-If we see more reversal signs, I think this coin has good RR




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Comments

great setup
Reply
PolarHusk CryptoFundManager
@CryptoFundManager, thank you!
+1 Reply
Good job
Reply
PolarHusk Saeed966
@Saeed966, ty!
+1 Reply
nice one
Reply
PolarHusk Stargazer_fx
@Stargazer_fx, thanks!
+1 Reply
It's a very instrumental idea. thanks for sharing
Reply
PolarHusk Sinigdha123
@Sinigdha123, thanks too!
+1 Reply
Great work. Thank you
Reply
PolarHusk SynergyCapital
+1 Reply
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