WRX - Large Continuation Pennant, 100% Gains PotentialKeep on eye on WRX. It's one of Binance's latest adds and these newly added coins tend to have lots of volatility. Given the bullishness of the market and the pennant, I am biased to the upside. The target is based off the pennant height, however, I understand that the target could be far short of the next high. So for the sake of this trade, I'm setting my target just shy of .00002. The price is currently trading below a key level of significance as it approaches resistance at the top of the pennant. I'm inclined to believe we will test the bottom of the pennant again before breaking out.
Here's what I'm doing: I have a buy price set over .000011 to buy the breakout. If the price gets rejected, I'll change my buy order to ~.0000095. From here, I'll set a SL right below this area and let it ride. I'm not committing yet, because I could get at 10% discount on my purchase.
WRXUSDT
#WRX Will MOONBuy now guys #WRX
Target 1 : 1150
Target 2 : 1260
Target 3 : 1600
Double bottom formed will moon
+ Huge news on it !
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)
WRXBTC Bearish Analysis in Short Time FrameWRX/BTC recently listed on Binance.
and if Pump start from 450 Satoshi and went upto 1785 Satoshi.
approximately 270% pumped.
And now current price is 900 Satoshi and now still double from listing price,.
Whats TA says.
According to Technical analysis WRXBTC now breakdown and we can see some downtrend in few days.
My major buying area will be 612 and 512 Satoshi.
Support 1: 612 Satoshi
Support 2 : 512 Satoshi.
Resistance : 1049/1270 Satoshi.
Please like and follow me if you happy with our analysis.
and also please follow me for latest crypto updates
Thank you
WAIT AND BUY WRXWRX has been tanking lately having its ATH @ $0.164. As of this moment, This crypto is having a hard time following a down trend move in the short term. But dont worry. As we would be expecting a great bounce in the following days that could pass up its ATH Price. If you are looking for an entry on WRX, Wait for the price to retrace a little more within this week to the area where our golden line which is the .618 fib retracement is lying. Expect a 2x GAIN and up if you follow this patiently.
