Potential support and resistance levels

Calculated levels from current trading patterns in the market.
The only way to be sure is to wait for the volume to build and start testing.
This is also tradable on coinbase if your curious.
The order books on coinbase has plenty of liquidity and too be honest no resistance.
1 million dollars in rapid volume would shoot the moon 1000's of percent literally in seconds
until people started selling.
I saw it listed on coinbase even though i don't use the exchange anymore i am still looking out and
sharing my analysis.
this is my observation of current market conditions
and in no way is this investment advice.
good luck

Note

If you decide to trade just remember it could be weeks or months before any big rallies in market price happen. So if you can't hold then don't buy. could be choppy trading for awhile until volitility in the market starts pumping up.

Note

i think i am going to help some people out today and buy up some of the supply.
20k to get started and maybe another 20k next week

Note

wicking showing support on .8507

Note

Axelar and Polygon Supernets Team Up to Provide Cross-Chain Interoperability
This will allow developers to build their applications across multiple blockchains

The Axelar/Polygon partnership “enables complex operations – for example, cross-chain borrow-lend, using NFTs as collateral,” said Parth Pathak, general manager of supernets at Polygon, in a statement to CoinDesk, referring to non-fungible tokens.
The goal for interoperability projects like Axelar is to “allow developers to build anywhere they want and still be connected to everyone else,” Axelar co-founder Sergey Gorbunov told CoinDesk. “So that's really the opportunity that we’re creating for the supernets and just the broader ecosystem.”

Axelar, which was created by the founding members behind the Algorand blockchain, is a network that gives users tools to connect their digital assets and dapps across multiple blockchains to unlock cross-chain communication. The company’s partnership with Polygon’s supernets will thus offer interoperability with other blockchains.
Polygon’s supernets are fairly new, with Polygon saying it would invest $100 million in them back in April. Avalanche also committed $290 million in March to develop its own version called “subnets.”

some updated information from yesterday just in case you missed it.
this is still early and the early holders will earn the most so don't wait too long everyone because when supply gets low on the order books there won't be another opportunity to buy until the market value is extremely high.
holding even 100 tokens will earn you some decent returns in the future.

Note

showing signs of trading bots trying to manipulate with bearish pressure
when the volume is low trading bots damage your holdings to get you to sell.
i do not like bots.
thats why i didn't buy today. i will wait until bullish pressure figts back.

Note

i have 10000 tokens already. i think i will wait until the market price hits 1.00 before i start buying again. i don't need a lower price. i need a show of bullish momentum that wants the value to go up before i make another purchase.

Note

no updates until i see some solid support.
support is broken.
.60 could be next.
buy volume is weak

Note

this was the wrong chart sorry.
i am trading WAXL on GATE.io exchange if anyone is curious.
It a great exchange with so many options for trades.
check it out.
I repeat i have not traded on FTX since September 2021.

I am still holding 10,000 WAXL tokens at the .63 market price
Stop loss is setup for 2500 tokens just in case .60 fails to hold support.
My plan is to limit my loss exposure without giving up too many tokens.
There is strong support for the future of this project and its still early.
Good luck traders

Note

Anyone who is reading this the chart is dead.
I did not realize the chart was an FTX chart was suppose to be Gate.io
This is also listed on coinbase and a few other exchanges.
I am still holding all my WAXL.
Posting a new chart for coinbase

UnknownUnicorn35774657

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UnknownUnicorn35774657