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Wazirx

WazirX (WRX) | New Binance Add | Support & ResistanceLaunched in 2018, WazirX is India's largest and fastest-growing cryptocurrency exchange with more than 200,000 app downloads with an average rating of 4.5. They have recently gone global. WazirX’s aim is to bridge the global fiat-cryptocurrency gap with the world’s first auto-matching P2P engine - WazirX Peer-to-Peer. As of today, WazirX P2P is the go-to method to deposit and withdraw INR in India, and growing steadily. Key Features: WazirX P2P: With the world’s first auto-matching P2P engine, WazirX P2P is the next generation P2P system that has simplified the process of depositing and withdrawing fiat tremendously. WazirX P2P is the go-to method for depositing and withdrawing INR (fiat) for 1 Billion people of India. After tremendous success in India, WazirX plans to solve the fiat <> cryptocurrency conversion problem globally for many more countries. Smart Token Fund (“STF”): The STF aims to involve enthusiasts who do not have time to trade and/or do not know which token to trade or how to trade into crypto. It is a simplified community-driven initiative where cryptocurrency enthusiasts can find expert traders to help them grow their cryptocurrency portfolio on WazirX. Trading Platform: WazirX crypto-to-crypto markets with 80+ cryptocurrencies are available for everyone globally and can be accessed via the Android, iOS, Web, Mac and Windows platforms. Users can trade with ease and speed, as well as securely store one’s digital assets in the WazirX wallet. WazirX’s native token, WRX, is the utility token forming the backbone of the WazirX ecosystem. Its total supply is 1 Billion. The WRX token is built on Binance chain with future use cases including: trading fee discounts, WRX trade mining (unlock and earn WRX tokens by performing trades), paying for margin fees, and more.
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by AlanSantana
6
WRX - Binance Web P2P launched. WRX announcement to follow?Binance just launched web P2P platform and WazirX is a P2P platform which Binance in Nov, 19. With this acquisition you can assume that Binance have some big plans in P2P space and WazirX fits well into. WRX is an exchange token and have intrinsic value like any other exchange token. On Technicals, price seems to have squeezed and have found support. I am anticipating some announcement from Binance regarding WRX. This should move up from here unless BTC again dives like it is doing for past one week.
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by bloke_capital
2
WRX long term bullishI want to quote my friend's text about WRX and comment it later: "If you are looking for a 5X to 10X gain in long term than WRX is the coin. The coin is relatively new so you have to buy in parts to average out.. But the reason iam bullish on WRX is that it is an Exchange coin of WazirX India which was bought by Binance couple of months ago. So in other words it's Binance own coin. And you know they will not let it down. The much bigger reason to buy WRX is that the team owns around 70% stake of WRX and you know what that means.. They will sell it at its ATH.. So it does have bright future ahead" Unfortunately for me, WRX chart is very young and so can't give good support and resistance zones. But if what my friend said is at least half true (and I'm sure everything is), this coin has a bright future. And trading volume only proves it. O'm slowly accumulating it for long term hodl, although already scalped it on the way down. Buy zone #1 around 950-1000. Lower at 850 and 700. Targets all above 2000
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by WiseAnalyze
4
If This Leg Will Be Completed The WRX Can Produce Upto 276%WazirX (WRX) is a very strong token just launched on Binance on 5th Feb and enlisted on coinmarketcap.com on 6th Feb 2020 and now holding the position at 334 out of more than 2300 crypto tokens. Showing good volatile moves this token has formed a bullish BAT pattern upto C leg and the formation of final leg D is likely to be started. Even though this is the 1st time I am working on this token and posting a chart as it has formed its 1st ever harmonic pattern on 12hr chart but I think this token will be giving more trading opportunities with its volatility in the future as well. The BAT pattern is being formed as below: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B leg's Fibonacci projection and final (C to D) leg is suppose to be retraced between 0.786 to 0.886 Fibonacci for a perfect bullish BAT and then the price action will be entered in potential reversal zone of this bullish BAT pattern, then we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg. The Bearish Move Can Be Continued Until The Price Action Enters In Buying Zone: The token is recently born therefore we have clear signals on upto 4 hour chart’s indicators. Price action is pushed down after hitting the Bollinger bands. The RSI has visited overbought and turned bearish. The moving average convergence divergence (MACD) was strong bullish and now it has turned weak bullish and soon it can be turned strong bearish and Stochastic also has given bear cross and moving down. All above bearish signals will lead the price action to enter in potential reversal zone soon. The Buying And Sell Range: As per Fibonacci sequence method we can set our targets as below: Buy between: $0.05100 to $0.03652 Sell between: $0.08555 to $0.13743 So this chart can give upto 276% big gains. Stop Loss: The potential reversal zone area which is up to $0.03652 can be used as stop loss in case of complete candle stick closes below this zone. Regards, Atif Akbar (moon333)
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by moon333
1