WAXPUSDT > We Might Have a Bottom!!Analysis of #WAXPUSDT
WAXPUSDT might have a bottom in here, it seems so on the daily chart, however, the market may push to test 0.200 for final shakeout before igniting again to reclaim the highs.
we have strong support near 0.2600
ultimate support 0.2000
Disclosure I own WAXP in my portfolio
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
WAXPUSDT trade ideas
Risky portfolio token WAX algo signal - #cryptocurrency #bitcoinThe algorithm triggered a buy stop signal on WAX. You can use it to either average down your portfolio position or swing trade. Always SPOT positions.If the swing trade goes against you by 20% then trade it back for a stablecoin. Not financial advice.
The Worldwide Asset and NFT eXchange( WAXP/USDT Analysis) 📈📉❇️Hello Crypto community Welcome to this introduction for another high potential crypto project. 10x !🚀💰🤑
🔹Rank #103
kind :coin / Market Cap:$714,951,131 ///Total Supply: 3,849,867,236 WAXP/// Circulating Supply: 1.93B WAXP(~50%) ====> so so!✅
🔰What Is WAX (WAXP)?
WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. It is fully compatible with EOS.
The Worldwide Asset eXchange™ (WAX) is the world's most proven and eco-friendly blockchain for NFTs, video games and collectibles
coinmarketcap-wax.io
------------------------------------------------------------------------
📈📉 TECHNICAL
As you can see on the DAILY timeframe for WAXP/USDT , It is trading about $0.37right now.
Since 17 NOV ,after recording a new ATH (1$) for wax , it has been declining and take a long time for retracement till now . when the 20ema( red) crossed under 20-day ema (yellow) it had a fall , and recently reacted to support range area and rebounded ,also the 13ema is crossing over the 20ema . which is a bullish sign for starting a new rally . although there is possibility to touch the support area once again , but by closing above the resistance is can reach to higher resistance level . and then so on!
🛑resistance level: $0.8 -$0.84//$0.48-$0.52
❇️support levels: $0.25- $0.3///1 $///$ 0.1236-$0.1670
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
$Wax Wax price has fallen below the trend line, but there is still a chance for growth. We have good support at 0.2-0.24 and the volume is the same as during the rise in October. However it is important to keep an eye on the bitcoin, which might influence the price.
The nearest resistance zone is 0.36-0.40 and also the trend line.
Will WAXP Coin Price Consolidation Break To $5?WAXP coin cost price is currently seeing a consolidated trend and can soon see a new momentum. On the day by day outline the resource is looking for major momentum. On the off chance that the coin price drops then a momentum to a new high can be seen. It can move a strong upside trend and can soon see a new high in the future. Various crypto experts propose that the WAXP coin can before long place itself in the top reach and can before long see a recuperation to another high.
Is WAXP Bearish or Bullish? We Will Find out Soon Enough!Hello every one
WAXPUSDT
WAXP Is in a Symmetrical Triangle . This means a Break will happen soon which will Determine The Trend for This Instrument Soon. Depending on The Break out (Bearish Or Bullish) we can Expect a Movement as Much as The Measured Price Movement (AB=CD). The Support & Resistance Are Shown on The Chart.
This is only an idea and not a financial advise ( NFA )🔴
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Thank you for seeing idea .
Have a nice day and Good luck
WAXPUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. There is an S1 line which was previously acting as the resistance line. The price hit this resistance line several times and could not break it but in the last try it could break above it. We also have the S2 zone which has supported the price several times. There is the R2 zone which the price has hit twice and could not break it. We expect it to break the R1 zone and after a pullback attack the R2 zone too.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck