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WAXP / TetherUS

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WAXPUSDT trade ideas

$WAXP/#USDT [#WAX]: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $WAXP / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.073 | 0.0817 | 0.099, and the major support zones can be found at 0.0557 | 0.0471 | 0.0298. Consider entering a trade at the current price zone of 0.0674 and targeting higher levels. ◰◲ General info : ▣ Name: WAX ▣ Rank: 181 ▣ Exchanges: Binance, Kucoin, Huobipro, Mexc, Bittrex ▣ Category/Sector: Media and Entertainment - Collectibles ▣ Overview: WAX is a purpose-built blockchain and protocol token designed to make e-commerce transactions faster, easier, and safer. The WAX Blockchain uses Delegated Proof of Stake (DPoS) as its consensus mechanism and is backward compatible with EOS. The custom features and incentive mechanisms developed by WAX are designed to optimize the blockchain's usability in e-commerce, and encourage voting on guilds and proposals. WAX has created a suite of blockchain-based tools upon which dApps, marketplaces, and native non-fungible tokens (NFTs) are built. These tools include services to support e-commerce operations such as the WAX Cloud Wallet, SSO and OAUTH, a native RNG service, and a developer portal. The resulting technology represents a blockchain architecture with 500 millisecond block times, no fees for customers, and leverages voting rewards to incentivize participation in the selection of block producers and proposals. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0674 ₮ ▣ 24HVol: 1,843,185.212 ₮ ▣ 24H Chng: -2.319% ▣ 7-Days Chng: 13.27% ▣ 1-Month Chng: -8.38% ▣ 3-Months Chng: 36.32% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.073 | 0.0817 | 0.099 ◢ Support: 0.0557 | 0.0471 | 0.0298 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: -0.05 ▣ Last 90D: 1.44 ▣ Last 1-Y: -0.85 ▣ Last 3-Y: 0.80 ◲◰ Volatility : ▣ Last 30D: 0.93 ▣ Last 90D: 0.90 ▣ Last 1-Y: 1.00 ▣ Last 3-Y: 1.43 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.72 - Bullish ▣ Reddit sentiment score is 0.34 - Bearish ▣ In-depth WAXPUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
2
✴️ WAX Now Moving Above MA200 Activates 245% PotentialYesterday we had a rejection at MA200 and this level is being challenged since 24-Jan. The longer a resistance level is challenged, the weaker it becomes. Today, WAXPUSDT is finally moving above it opening the doors for massive growth. This signal needs confirmation once this session closes but still good news and very likely to confirm, as the RSI is sitting at 68 and the rejection yesterday didn't push prices below EMA10. The stage is set for WAX to see more green. Namaste.
Long
by MasterAnanda
1
✴️ WAXPUSDT | WAX, Early Is Good (Name Your Altcoin #4 ✅)We continue with a pair that really caught my attention the first time I looked at it, the high potential was unmistakeable but instead of WAXPUSDT it was the WAXPBTC pair, this will be added to the 'Related Ideas' at the bottom. For WAX, it is early and here early means good. How can we say early after 5 consecutive weeks of strong bullish action? Just this week WAXPUSDT moved above EMA21 while EMA50 is still "far away", 100% or a double is needed to reach this target. Now, when considering the previous trade ideas, such as GALAUSDT I mention the potential still available when compared to other altcoins such as FTM and LTC. WAX is in the same situation, since the whole market is turning bullish, since everything is growing and set to grow, the ones that are more advanced reveal what the rest of the market is set to experience. Since we have many pairs well above EMA50, those below it are still "early" in this bullish wave development... It won't be "early" forever. We already consumed 1 out of 3 precious months. Oh wait! Another piece of good news. There can be a retrace after 1-2 months big in size just to see more growth all the way to late April but let's not get ahead of ourselves. As WAXPUSDT moves above EMA21 it also recovers above the June 2022 support turned resistance now going back to support. This is a process that took more than 6 months, a pretty long-time in crypto-mindset. The trading volume on the mid 16-January week, is the highest since December 2021. Thus we can say the highest weekly volume in a year. One of the easiest giveaway signals to spot. When you have the strongest volume in years, it means things are about to change. After following the Tesla crash for a long time, I spotted the reversal thanks to a volume signal. TSLA produced the highest volume in 2 years and yes, like clockwork a reversal happened and since that signal came up the stock has grown over 80%. We have the falling wedge pattern, the strong RSI, the green candles and overall good news. WAXPUSDT is another pair that is set to do good. Name your altcoin #4. Remember to boost and follow if you enjoy the content and would like to show your support. Namaste.
Long
by MasterAnanda
4
WAXP Daily Cup and Handle FormingWAXP appears to be forming a cup and handle pattern on the daily charts. Expecting to see a continued depression in trade volume as price gradually drifts down between $0.50-0.60. I'll begin looking for an entry around the RSI mid-line as I expect we'll see a bounce at that point unless RSI falls straight through the mid-line. The trade would be an entry between $0.50-0.60 with an exit target around $0.90 depending on momentum at that time.
Long
by tedwardd