REVERSAL. Check for strength

WRX today has made a strong bounce up and got resisted at 3.9 to 4 as expected since it is a psychological resistance.

It has already pierced through the plotted triangle. Either you buy at the pull back once break out is confirmed in the 4hr TF.

Once confirmed, expect run up from 4.7 to 5 then 5.6 to 6 before it breaks ATH and reach my longer targets at $10 and $16

If you like my charts, hit like or reach out to me so I can find my inputs as valuable and useful to my fellow tradingview users.

Note

If the 1D candle closes at 4.2 we can safely expect continuation of this runup somewhere at 4.7 and as high as 6

Note

pulled back to 3.7 to 3.8 for yesterday's run-up. market cap growth from rank 109 to rank 78 in anticipation of coin burn for the first quarter. if 3.7 to 3.8 holds, expect continuation of the run-up.

Note

Completed the burn hence the sell-off. In terms of TA, it is still completing the pullback. If there will be no further sell down, we can go long again.

Note

Bounced from pullback. Wait till 3.8 to 4.2 resistance is completely overcome.

Note

Plot invalidated due to crypto-wide sell off. Will post an updated chart once the sell down stops.

NoobodyPH

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by NoobodyPH

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