Cryptorphic
Long

#WRX/BTC 4hour breaking out

BINANCE:WRXBTC   WRX / Bitcoin
Since dominance is falling and most of the alts are popping like balloons.
WRX seems to be breaking the resistance soon and coming out of its accumulation zone. It needs to break above this 1485 resistance level .
Observe the chart and see how many resistances point to the same area.
IF WRX IF ABLE TH BREAK THIS LEVEL JUST BYU IN FOR QUICLK 20% (Not financial advise DYOR).

If it breaks the first target will be 1580 and second 1780 for short term.
SL: 1320

This could also be a good long term hold IMO .

Hope you all accumulated below 1400 as per my last analysis.


Hit that like button if you like this update and m]more alts setup is coming.
Thanks for reading
#PEACE
Trade active: 1st Target achieved

Comments

nice analysis for this altcoin, thanks for sharing
Reply
Cryptorphic PolarHusk
@PolarHusk, Thank you brother
Reply
Would you still hold? Sorry I am sort of new and learning more and more about Support/Resistance. I think your work is great btw!
Reply
@Kimj85, Yes I am holding, it just broke the 1480 resistance it will go higher
+1 Reply
Looks like a very likely possibilty. Ehlers stochastic CS oscillator on the 4 hour agrees with this :)
+1 Reply
Ahahah I see you also went for the green prediction line XD
Good move!
+1 Reply
Cryptorphic AlphaCollector
@AlphaCollector, Many authors do. Thanks
Reply
AlphaCollector Cryptorphic
@Cryptorphic, yep, me too :)
+2 Reply
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