WXTUSDT A good choice among the bloodbath

OKX:WXTUSDT   Wirex Token/Tether
Wirex (WXTUSDT) has been rising non-stop since March 15, even more so this week, ignoring the general bloodbath in the crypto market. During this rally it broke not just above the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) but also above the Lower Highs trend-line that started on the April 19 2021 High as well as the 0.382 and 0.5 Fibonacci retracement levels.

All the above are evidence of a strong technical rally, especially since the 1W RSI (pane below the chart) is at its highest level since the April 2021 High. Naturally, the token sets eyes on the remaining Fibonacci extensions (0.618 around 0.0155 and 0.786 around 0.0240) as its next targets, before a complete fill on the 0.042150 High. See how well those Fibonacci extensions formed Lower Highs during the Bear Phase. They can equally shape Higher Highs during this rally.


** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **


👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)

💰Free Channel

🔥New service: next X100 crypto GEMS!

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.