WAX - impulse to new ATH in the makingWAX corrected back to double bottom. Looking at structure we see series of zigzag moves, creating one large ABC pattern, where we completed waves A + B and should now bounce up into impulsive (5 waves) C wave.
Similar pattern was develope on XRP which resulted in impulse leading to new ATH.
As long as we bounce from here I expect WAX to do the same move with targets for C wave being at fibb 1.272, fibb 1.618 and fibb 2.0 levels.
WAXPUSD trade ideas
✴️ WAX Ready To Recover (97% To 168% Potential Mapped)We have a double low/bottom situation here as WAX (WAXPUSD) becomes ready to recover.
➖ The first low is v shaped and happened in June.
➖ The second low is 3 v's shaped (inverse h&s) and happened between August and September.
Trading volume on the day is high while WAXPUSD has been trading for days above EMA50.
This means that a strong bullish bias is in place.
👉 You can find some targets on the chart but remember, there can always be more. Easy ~100-150%.
Thanks a lot for your amazing and continued support.
Namaste.
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Grease Monkey
ETH
COINBASE:ETHUSD
Pure Crystalline
BTC
COINBASE:BTCUSD
Bubble Ice
BNB
BINANCE:BNBUSD
Celestial Temple
ADA
COINBASE:ADAUSD
Blue Moon
SOL
COINBASE:SOLUSD
Malana Cream
DOT
BINANCE:DOTUSD
Purple Haze
XRP
BITFINEX:XRPUSD
Charas
MATIC
BINANCEUS:MATICUSD
Nepal Polm
ATOM
COINBASE:ATOMUSD
Outdoor Bio
AVAX
COINBASE:AVAXUSD
OG Kush
LUNA
BINANCE:LUNAUSD
Amnesia Haze
CRO
COINBASE:CROUSD
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WAX continue to make higher low and higher high on log. chart daily.
ATH was around 5usd if crypto continue and wax technology and team will be still working on it expect price to go higher.
Its on Binance largest exchange since 23.8.2021 and volume picked up extremely.
This is just long term speculation and it is still valid till we make higher lows and price is in parabolic curve.
Bellow 18cents is bearish but can stil maintain the momentum unfortunatelly bellow 10c you dont want to hold it.
Good luck
WAXP - Overlook & Trade setupWAXP just broke out from a looooooong consolidation.
So we don't have enough data to set out trade setups, but here is what I think might be important.
There's a ATH Resistance which might be touched again and it's pretty strong.
There a local resistance which isn't as strong but might be a key area for your positions.
There's support which can hold the price up for a short period of time.
Right now all platforms are showing strong buy volumes and high demands so I don't see this coin dump any time soon.
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $0.37726102
Good Luck
Tell me your ideas. Like and Share
WAX Inversed my FIB Just bought some wax, inverse the fib on that B*tch.
- Rich Boy
I'm looking at a safe buy in at .08. It could drop more, but whateva.
Right now its all a buy under .15
When muds/topps merge finish NFT and Wax is going to be YUGE.
not financial advice, but a concentrate dream. Hittin the rig too hard and WAX speaks.
WAX wedge and FibMost Crypto is following big daddy BTC.
WAX is doing its thing too. Wedge on the 3 month pointing to action around June 10. Just like BTC and most other cryptos, these consolidations patterns are pointing to dates around June 10 for movement.
Fib numbers from this last drop show WAX is trading under the .38 level which all this area signals buys. I love sub .15 wax.
If BTC dips, expect more trading under the .236 level and possible dip under .10.
let me know!
WAX - Downwards ChannelHi,
Looking at WAX we can see its managed to get back above the 200 EMA on the daily by bouncing off the bottom channel. Looking at the overall market at the moment I don't see it coming out of the channel any time soon, but time will tell.
We can see also on the RSI and MACD that a current downtrend is in effect for now.
Targets around 0.24c/when it hits the upward channel.
WAXP Update! Waiting for Entry: Potential 2x - 5x ReturnsHey Humair, here is the update!
We are looking at testing the 38% as support still. we simply need to wait for candle coloses to confirm structure as support and 4H environment to turn bullish before we can look for entries.
Keep the Stoploss tight to safe guard your downside.
Waxp rounded bottom on the dailyWAXP is showing a rounded bottom that, if all goes well, may turn into a cup and handle formation, signaling a possible continuation in it's bullish run.
I am going to wait until the handle completes.
The volume on the rounded bottom seems to be tracking but I would've like to have seen it slightly higher on it's run up the right side of the formation.
I am going to place my entry @ around .34 and my target around .47.
This could take a while to complete....
Constructive criticism and critiques always welcome.
Happy and prosperous trading!
WAXP is going to be used in Crypto NFT sale Upland the weird explorer game on iOS App Store already has a MASSIVE following due to the NFT craze. Today they announced a NFT trading card sale will happen in three days with this specific crypto. Expect it to go above rsi before correcting.
Disclosure. Own opinion. Own 282 “coins”. Use own judgement.