WXTUSDT A good choice among the bloodbath
Wirex (WXTUSDT) has been rising non-stop since March 15, even more so this week, ignoring the general bloodbath in the crypto market. During this rally it broke not just above the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) but also above the Lower Highs trend-line that started on the April 19 2021 High as well as the 0.382 and 0.5 Fibonacci retracement levels.
All the above are evidence of a strong technical rally, especially since the 1W RSI (pane below the chart) is at its highest level since the April 2021 High. Naturally, the token sets eyes on the remaining Fibonacci extensions (0.618 around 0.0155 and 0.786 around 0.0240) as its next targets, before a complete fill on the 0.042150 High. See how well those Fibonacci extensions formed Lower Highs during the Bear Phase. They can equally shape Higher Highs during this rally.
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All the above are evidence of a strong technical rally, especially since the 1W RSI (pane below the chart) is at its highest level since the April 2021 High. Naturally, the token sets eyes on the remaining Fibonacci extensions (0.618 around 0.0155 and 0.786 around 0.0240) as its next targets, before a complete fill on the 0.042150 High. See how well those Fibonacci extensions formed Lower Highs during the Bear Phase. They can equally shape Higher Highs during this rally.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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