#WEMIXUSDT Technical Analysis in 3-Day Timeframe
Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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~ Short-term market movements.
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Now, let’s dive into this chart analysis:
WEMIX indicates a bullish trend within an ascending channel, with the potential for further price increases toward the $5.2 resistance level. The price has shown significant upward movements from key support levels.
In the past, WEMIX has made significant rallies respecting the supporting trendline, and right now, it is once again facing a similar situation.
Currently, WEMIX needs to break and close above the 25 EMA to confirm a bullish rally. A breakdown below the supporting trendline will be concerning for WEMIX, and it will likely test the lower support at $0.5441.
Key Observations:
~ Primary Support/Entry: $0.998 to $1.21.
~ Lower Support: $0.5441.
~ Primary Resistance: 25EMA at $1.4.
~ Long-term Target Range: $5.2.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
WEMIX indicates a bullish trend within an ascending channel, with the potential for further price increases toward the $5.2 resistance level. The price has shown significant upward movements from key support levels.
In the past, WEMIX has made significant rallies respecting the supporting trendline, and right now, it is once again facing a similar situation.
Currently, WEMIX needs to break and close above the 25 EMA to confirm a bullish rally. A breakdown below the supporting trendline will be concerning for WEMIX, and it will likely test the lower support at $0.5441.
Key Observations:
~ Primary Support/Entry: $0.998 to $1.21.
~ Lower Support: $0.5441.
~ Primary Resistance: 25EMA at $1.4.
~ Long-term Target Range: $5.2.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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