WRX Hyperwave Structure
Watching for price patterns on WRX whilst trying to understand Hyperwaves better
Observations:
A - looked like a textbook Hyperwave - returned to first sell-off point
B - Exhibited common price patters as seen in A and manage to retrace - returned to first sell-off point
C - Exhibits common price patterns with A and B but much flatter - returned to first sell-off point
Although WazirX is not to the crypto space, the Binance WRX is a new Cryptocurrency so it's interesting to study its behaviour. It is tracking through some major price fluctuations in crypto but patterns are emerging. The general trend is up although this has slowed and flattened out in this C period. This might diminish upside to only previous highs?
BTC will no doubt have a role to play here. Very interested to see how WRX moves in next few days.
Best, Hard Forky
Observations:
A - looked like a textbook Hyperwave - returned to first sell-off point
B - Exhibited common price patters as seen in A and manage to retrace - returned to first sell-off point
C - Exhibits common price patterns with A and B but much flatter - returned to first sell-off point
Although WazirX is not to the crypto space, the Binance WRX is a new Cryptocurrency so it's interesting to study its behaviour. It is tracking through some major price fluctuations in crypto but patterns are emerging. The general trend is up although this has slowed and flattened out in this C period. This might diminish upside to only previous highs?
BTC will no doubt have a role to play here. Very interested to see how WRX moves in next few days.
Best, Hard Forky
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.