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Waxp

WAXP - Overlook & Trade setupWAXP just broke out from a looooooong consolidation. So we don't have enough data to set out trade setups, but here is what I think might be important. There's a ATH Resistance which might be touched again and it's pretty strong. There a local resistance which isn't as strong but might be a key area for your positions. There's support which can hold the price up for a short period of time. Right now all platforms are showing strong buy volumes and high demands so I don't see this coin dump any time soon. I'll keep this chart updated. Use this chart as your trade setup for now. Current Market Price: $0.37726102 Good Luck Tell me your ideas. Like and Share
BITTREX:WAXPUSD
by ShawnMCR
5
WAXP heading for 120% gain in the coming week?WAXP is looking extremely bullish at the moment as a result of the upcoming partnership which the team behind the token has been teasing the public with for the last 3 days (see twitter.com). Three teaser images they have shared which hints at Disney becoming their partner which would be HUGE. Regardless of this partnership though WAXP is one of those tokens that I personally believe is undervalued at the moment if you consider WAXP is widely used for trading virtual goods in the gaming industry. Reasons for the low valuation are lack of global awareness and large crypto exchanges offering WAXP trading. Now looking at the chart we can see the explosive increase in price from about 300 sats until 950 sats where price got heavily rejected. We appear to have completed 5 waves whereby wave 2 retraced by 50% the length of wave 1 and wave 3 was 1.618 times the length of wave 1 which is pretty much text book elliott wave theory. Wave 5 appears to have over extended which caused that violent rejection at 950 sats. Since then we have retraced by 50% of the entire 5 wave cycle. If this marks the end of wave 2 of the cycle of one order higher then we may be on our way to start wave 3 of this higher order cycle with a target of 1364 sats. Now clearly, whether or not this will happen will depend on whether Disney is indeed their new partner and if BTC doesn't dump.
Long
by PGT2
1