WAXPUSDT has been trading under the falling resistance. The price has approached to horizontal support after took a beat from falling resistance. The bullish candles formation on support will confirm the support hold by bulls.
The bulls need to hold the support zone and break above the resistance zone . While bears will be active below break of support.
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There was a breakdown of the upper boundary of the Ascending Triangle, ideally it would be to wait for the daily candle to close above the upper boundary, but since this is the fourth breakdown, you can risk buying now🙏📈
WAXPUSDT is trading at resistance zone. The same zone is also a triple top zone too. The price needs to be stabilized above the resistance zone. The bearish candles on top will confirm the price action rejection from resistance.
The bulls needs to break above the resistance zone. While bears will be active below the resistance zone.
Manage your levels accordingly.
WAXP appears to be forming a cup and handle pattern on the daily charts. Expecting to see a continued depression in trade volume as price gradually drifts down between $0.50-0.60. I'll begin looking for an entry around the RSI mid-line as I expect we'll see a bounce at that point unless RSI falls straight through the mid-line. The trade would be an entry between...
Analysis of #WAXPUSDT
WAXPUSDT might have a bottom in here, it seems so on the daily chart, however, the market may push to test 0.200 for final shakeout before igniting again to reclaim the highs.
we have strong support near 0.2600
ultimate support 0.2000
Disclosure I own WAXP in my portfolio
⚡ Be aware that due to the global tension we currently live...
After finishing its C leg of the ABC correction trend WAX started for a rally.
Now W1 is completed and and it seems that W2 also is completed and we are in the beginning of Wave 3. Buy trend power is ok and we expect to see its targets.