AlanSantana

WazirX vs Tether Early Call

Long
FTX:WRXUSDT   WazirX Token / USD Tether
WRXUSDT peaked in April, a long-time ago.

The correction that follows hit a low in May, just 49 days after the peak.

Since the May low until today we have 189 days (6 months+) of consolidation.

We also have higher lows since May.
These are bullish signals.

Recently EMA300 was tested as support and holding so far.

Resistance ahead in the form of EMA50/EMA100 and MA200.

If these levels can be taken out, meaning the $1.28 to $1.32 price range, we can easily see WRXUSDT fly up.

This is early because we still don't have any breakout or confirmed breakout signals.

But on charts like these I buy with a tight stop-loss.

You can see the targets and support levels (stop-loss) marked on the chart.

Namaste.

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