WAX/USDT – Accumulation Below Trendline or Further Downside?The WAX/USDT chart shows a strong downtrend over the past few months, marked by a consistent descending trendline resistance pressing the price lower.
Currently, price is moving sideways below the trendline, indicating a phase of accumulation or consolidation before the next major move.
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📐 Pa
WAXPUSDT: Longs LiquidatingWAX on Bitget is flashing a dangerous contradiction. Spot at 0.00759 with futures at 0.00751 — a -1% backwardation with Z at -2.4, Yield at -1096% APY 2.4σ Bull. That funding rate is statistically extreme, mathematically punishing shorts at an annualized rate that sounds bullish on the surface. But
WAXPUSDT 1D#WAXP has formed a double bottom pattern on the daily chart and is now moving toward the descending resistance and the daily SMA50. RSI and MACD indicate potential bullish momentum. Wait for a clean breakout above these levels before entering. If confirmed, the potential upside targets are:
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WAXP Buy/Long Signal (4H)WAXP has filled the large previous wick, which is a strong sign of price acceptance. After that, a bullish CH was formed on the chart, confirming a potential shift in momentum. The overall price structure strongly supports long buy positions.
We have two clearly identified liquidity pools on the ch
WaxpUSDT Falling Wedge Setup Breakout LoadingWaxpUSDT is currently trading within a falling wedge structure, with price compressing towards the apex. Market structure remains intact, showing decreasing volatility and volume consistent with wedge dynamics. The strategy is to accumulate from the present level while monitoring for a confirmed bre
WAXP — Classic Accumulation Phase or Another Fakeout?📉 Technical Overview:
WAXP continues to move within a well-defined downward channel, with the price having dropped by roughly 98% from its peak.
Currently, it's forming a falling wedge pattern, and the price is approaching the upper boundary — often a zone of breakout potential.
💡 Key Point:
We’re
WAXPUSDT.PI am personally short biasd as per the situation but still i have marked the reversals zone if the market breakout the channel the zones for reversal has been mentioned.
The short positions i will enter after the channel breakdown and retesting with bearish candles in other case i will wait and loo
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.









