-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...
-After the recent relief pump last August 13
-The price today is back at previous trading zone
-It is likely to retest the swing Low at around 1015 sat range
-If we can see any Bullish reaction in the key support area
-The chances of bounce back up to 1435 will increase
-While a Bearish close below the green support line
-Will retest the next support at...
-The price is now back at previous support area
-WRX must hold the current market price
-This is confluence of previous resistance turns support
-If WRX can maintain this level for the next few weeks
-Chances of breaking the trendline resistance will increase
-The upside scenario is up to 2100-2600 sat range
having #Defi Hype these days. WazirX had announced their Defi plans with Matic. I would say we might see some good pump in coming days
Entry - 0.00001348
TP1 - 0.00001571
TP2 - 0.00001701
TP3 - 0.00001952
SL - 0.00001278 on daily close
WRXBTC is waiting the next impulse.
The price is inside a weekly descending channel. The price could bounce on 0.5 or 0.618 fibonacci level and create a new impulse.
According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the...
Take profit: 0.00002
Stop loss: 0.00001210
WRX is gonne make a pull back from its boost, thats why i will look for this entree to go again with the next boost.
WRX went through the bearish wedge on the daily time frame, this looks like a good bullish set up.
Have a good day.