WRXBTC
WRXBTC; GOOD long term trade, ASCENDING CHANNELWRXBTC is forming an ascending channel, after reaching the bottom, reversal happened and WRX is on the way of the top of the channel.
Fibonacci levels are strong support and resistance levels as shown on the chart. if WRX breaks the 0.23 level on the 2100 area then the next target would be 2600. if-else WRX will come back to the bottom of the channel in the 1700 area.
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Update on the WRX-BTC EW cycleIf this Corona Virus doesn't completely mess up the markets (it already does though) then we should expect the fifth EW to come soon. However, with BTC crashing to sub-6k levels for the first time since last year and dragging the rest of the market down with it, we may not see the 5th EW forming quite as expected, so this scenario here may not really play out. It has the potential to do so, but we must not overlook the effect of external factors such as world economies being in lockdown for a while...
WRX bull flag idea Potential bull flag scenario and also the Adam & Eve pattern playing out well... So if the flag plays out it would bring it to the top of the cup... WRX looks like a good potential for short term gains
#WazirX BTCWe expect the rise from these areas
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Symmetrical Triangle!!! BUY OPPORTUNITYWRXBTC is forming a symmetrical Triangle. Price is on the lower side and tends to go to the upper side when it reaches the upper side wait for a breakout or retracement.
Buying Price:1500
Targets:1540-1600
Stop:1470
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WRX/BTC (Bearish pattern: -40% drop?)WRX/BTC
WRX is on a critical stage with this bearish descending triangle pattern which by technicals usually breaks to the downside.
Both 50 & 100 MA on the 4H time-frame are acting as immediate resistance zone during every minor pullback.
If WRX is unable to break this pattern to the upside within 24-48 hours.
The priority will be bearish and the target below is 900 sats area.
#WRX Is ready#Binance
#WRX
#Buy : 1635
Targets
T1: 1700
T2: 1880
T3: 2150
T4: 2450
T5: 2900
Stop-loss: 1475
Published By @Crypto2AF
$WRX - Waiting for a break$WRX is on support & .Fib
Could be a great time to break descending trendline & bounce
Looking for volume
WRX looks ready for another leg upWRX - break descending triangle to the upside and this gets another leg up imo
WRX - Ready for pumpBTC is consolidating and Alts are pumping.
WRX looks quite good, sitting at fib .618 support and also supported by 200MA.
Buying it with a stop loss of 5% in case BTC drops or rises.
WRX/BTC TA Update (bearish pattern confirmed?)WRX/BTC
WRX bearish H&S pattern is confirmed after breaking the neckline at around 1700 sats area.
If catalyst news will continue and WRX is unable to stay alive in the coming days.
I'm seeing a potential drop back to the mean which is located between 1000-800 sats regions.
WRX - On the edge of major breakoutWRX is ranging between 2300 to 2600 sat and it is confined in thins range.
From WRX whitepaper about token burning and IEO:
WRX Burning Value
Every quarter, we’ll burn WRX tokens based on the trading volume on our crypto-to-crypto platform until we destroy 10% of WRX. We’ll eventually burn 100M WRX tokens. As we launch fiat on-ramps to more countries, WRX tokens will have an integral role to play in the same.
IEO
WRX IEO will be done on Binance Launchpad. Our token sale on Binance Launchpad will not only help us expand P2P to more countries faster, but also give us further access to resources and support from across the Binance ecosystem.
Don't forget, it's an exchange token which is owned by Binance.
Trade it or HODL it for long term, it is going to be a very profitable asset.
quite looking good - will it pop to the upside?WRX looks good for now - lets see if it can get another 50% gain