Cryptos have been breaking out lately, and WAXP looks to be next.
Looking at the recent series of higher lows following a long period of consolidation makes a strong case for a bullish breakout. Many other cryptos have been exploding to the extreme Fib 261.8 line, so I'm biasing my take-profit down from that in anticipation for that happening.
I'm in at the cyan line just a small amount.
Looking at the recent series of higher lows following a long period of consolidation makes a strong case for a bullish breakout. Many other cryptos have been exploding to the extreme Fib 261.8 line, so I'm biasing my take-profit down from that in anticipation for that happening.
I'm in at the cyan line just a small amount.
Trade active
WAXP jumped to almost .056 before retreating to .05 right now. The broader crypto market likely pushed this along.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.