Hi dear friends, hope you are well and welcome to the new trade setup of WazirX ( WRX ) with Bitcoin pair. On a 4-hr time frame, WRX has formed big bullish Crab pattern. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
It is likely to climb to the $ 10 range in the next few months with support at 62 cents
Looking at this daily chart it appears that WRX is reaching a critical area of consolidation and a break out seems likely. If we break up I'll be expecting a new all time high. Owhooooo!
Looking at this 1hr chart I see some bullish possibilities. We have formed a falling wedge, and also what looks like a Gartley harmonic pattern. We have also retraced into what I consider the golden zone for a reversal, between the .618 and the .786 of the bullish move. I consider WRX to be the BNB of India. WazirX continues to be India's leading exchange, and...