WRX is ranging between 2300 to 2600 sat and it is confined in thins range.
From WRX whitepaper about token burning and IEO:
WRX Burning Value
Every quarter, we’ll burn WRX tokens based on the trading volume on our crypto-to-crypto platform until we destroy 10% of WRX. We’ll eventually burn 100M WRX tokens. As we launch fiat on-ramps to more countries, WRX...
Hello Traders,
Besides we dont have much history trading on this asset, we already formed support that we must pay attention if the price drops to this area, if we have buying pressure in this area a long will be indicated
And we have another buying point in WRX witch is the maximum breakout of this acumulation.
The RSI is showing bullish divergences on 4 hours,...
BTC broke, buy pressure on WRX dropped like a stone.
Plan A: Bullish plan for WRX.
Outside of TA I'm making up some numbers to justify upward swing: 1bn people - 2% Trade/buy (conservative est.) = 20m traders. Wazir Exchange share 30% = 6m, $1000 USD = 6 Billion cash.
It's hard to be bullish in this scenario but crypto can be a dynamic marketplace.
Best, HF
4H Chart Explanation:
- Price broke the Descending Wedge.
- Price made a Correction above the Support Zone.
- Now, it has potential to move up towards the Fibo Zones.
Updates coming soon!
Here I have the Fibonacci targets fully mapped for WazirX (WRXBTC) by the request of many of our readers, supporters, and amazing followers.
Feel free to leave a comment if you have any questions.
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