Kimchi Premium — WAXP — UPBIT/BINANCEMassive trade volume on South Korea's exchange UPBIT for the WAXP token. Typically 4x that of Binance and all other exchanges combined. When the Kimchi Indicator hits certain upper bounds, you typically see mass buy volume on WAXP across non-korean exchanges
BINANCE:WAXPUSDT
UPBIT:WAXPKRW
WAXP / KRW / USD - Bullish divergenceUsing the South Korean won chart as there is more history! Nonetheless the 1-day USD chart is shown below. On the above 2-day chart we have:
1) Past RSI resistance has now become support.
2) Stochastic RSI makes higher highs with lower lows in price action = normal bullish divergence
3) Price act
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.