Caught this one at the bottom of a huge falling wedge. Entry almost couldn't of been better. Price consolidated into huge bull pennant, and has broken out on high volume, cruising through the old resistance at the consolidation high. Next target is to break through the previous flagpole high. The sky may be the limit on this one.
WRX/BTC dropped to very important area
( green area 700-650 sat )
This area Wrx pumped from it before more than 300%
Also price is forming falling wedge which is also bullish
However all the above isn't enough for make buy desision
We want the bull to save the green area well
And best buy area will be after break trendline resistance
This is not...
WRX is in risky range but we still can take risk with small bag in the range of 0.085-0.09$ because if there is a pump, it would be a huge profit!
But if you don't like risk, you should wait for a breakout at 0.1$ to buy for 0.15$ target.
If WRX loses the 0.08$ zone, I don't know where it will head to!
We are on what we call of sideways movement for WRX, but the price is down-trending so, we going to put our buy orders above the sideways zone, and the target will be the next resistance line.
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-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...
So there we are, I am acumulating WRX Again. this time a little bit more as BTC is pumping above ascending triangle alts could follow him. (Or he will suck all fresh money from alts ?).
Neverthless right now we reached Golden area, so Im IN. Of course consider tight stop-loss.
Enjoy the game.
I have 4 positive signals I am bullish at the moment
You can buy it now and watch carefully EngineeringRobo ' s sell signal
You can sell at the resistance line ($ 0,20423) or wait for EngineeringRobo ' s sell signal