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WRXUSDT

WRX.USD (Y21.P2.E2). Descending Wedge breakoutHi Traders, Continuing off from the previous post, we have the story continuing on for WRX as it met its bottom support for this re-accumulation phase. Now its completed a phase of it, we have an opportunity based on a descending broadening wedge structure and what looks like confirmation, that we have good entrance point. For the entrance, I would wait for the downward pressure to complete and if the level is still there, look for a bullish candle along with the indicators for confirmation. All the best, S.SAri PREVIOUS POST
FTX:WRXUSDLong
by ssari
WazirX (WRX) - March 25Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. -------------------------------------------------- ----- It was posted to confirm the flow for long-term investment. We must see if we can climb to the 0.44222-0.46737 section and get support. If you go down at 0.44222, you can touch the 0.36679 point, so you need a short Stop Loss. However, it may rise along the uptrend line (4), so careful trading is necessary. The next volatility period is around March 30th. ---------------------------------------------- (WRXBTC 1D chart) We have to see if we can climb along the uptrend line. It remains to be seen if there is any movement deviating from the 729 Satoshi-1096 Satoshi section due to the volatility around April 5th. In particular, we have to see if it can rise above 901 Satoshi. If it falls between 606 Satoshi and 729 Satoshi, you need Stop Loss to preserve profit and loss. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
by readCrypto
WRX Next Price TargetHello, guys! Let's take a look at WazirX (WRX) technical analysis. We can see that the ascending trend chaneel was formed by the price. Now it is next to the it's lower band and clearly bounced off it. In addition the price bounced off this week CPR level, which acts as a strong support. The RSI indicates the hidden bullish divergence which is an uptrend continuation sign. The upper channel's band and the R1 weekly pivot level ($0.29) looks as the nice price target for the end of this week. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Long
by Skyrexio
2
WRX Primed for a Massive Upswing to $0.15, MACD Supports BullishWazirX (WRX) trading has been progressive but in a lock-step manner. Since the beginning of January, WRX has increased in value within an ascending parallel channel's confines. The 4-hour chart also illustrates the lock-step trading pattern that WazirX keeps following. WazirX gets ready for liftoff to $0.15 after breaking above the ascending channel's middle boundary. The MACD supports WRX's bullish outlook on the 4-hour chart. A correction will come into the picture if WRX fails to close the above the channel's middle boundary. At the time of writing, WRX is exchanging hands at $0.12. This follows a breakout above the ascending parallel channel's middle boundary resistance. Buying orders will likely continue to surge in the wake of the breakout. The bullish leg has the potential to quickly extend to the channel's upper edge around $0.15. The bullish outlook has been reinforced by the Moving Average Convergence Divergence (MACD). This indicator tracks an asset's trend and measures its moment. Traders and investors can also employ the technical indicator when identifying selling the top and buying the bottom positions. When the MACD line (blue) crosses above the signal line, it is advisable to buy the asset. On the other hand, a call to sell comes when the MACD line crosses below the signal line. In this case, WRX is still in the buy zone, especially after breaking above the channel's middle boundary resistance. Simultaneously, another bullish signal is the expanding gap between the 50 Simple Moving Average (SMA) and the 100 SMA on the 4-hour chart. A wide gap has been formed when considering the 200 SMA in the same timeframe. In other words, the trend is in favor of a bullish impulse. It is worth mentioning that the bullish outlook to $0.15 will be invalidated if WazirX fails to sustain the position above the middle boundary of the ascending channel. Trading in the lower band of the channel could trigger losses towards $0.1 or the lower edge. WazirX intraday levels Spot rate: $0.127 Percentage change: -0.01% Trend: Bullish Volatility: Expanding Support one: Middle boundary of the channel Support two: The 50 SMA on the 4-hour chart Resistance one: $0.14 Resistance two: The upper edge of the channel
WLong
by CoinGape