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Waxp

WAXP/USDT Technical AnalysisHello everyone, I’m Cryptorphic. 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: The WAXP/USDT pair has been in a downtrend since reaching its peak around September 2021. The price has recently shown signs of bottoming out after rebounding from the support trendline at $0.03205. #WAXP is currently facing resistance at the 21 EMA of $0.04649. Once it surpasses this level of resistance, we are likely to see a decent rally toward the resistance between $0.105 and $0.124. Key Observations: - Support/Entry: $0.0286 to $0.0364. - Primary Resistance: 21 EMA Resistance at $0.04649. - Higher Resistance/Initial Target: $0.105 to $0.124. - RSI: Bullish momentum after hitting the oversold range. - Invalidation Point: A breakdown and close below the lower support trendline. 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
Long
by Cryptorphic
1
WAXP LOOKS BULLISHFrom where we have a red flash on the chart, a big correction has started. This correction was a diametric one. We expect that after the end of the G wave, the candles will move towards the TPs while maintaining the green range. Targets are marked on the chart You should note that the time frame is 1 day and this movement needs time. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
WAXP/USDT Gearing up for the Bull Run? 👀🚀WAXP Analysis 💎Paradisers, let's turn our focus to #WAXPUSDT, as the current trends hint at a viable opportunity for a bullish resurgence from its vital support zone. 💎A closer look at #WAX's latest market trends reveals a consistent 35% retreat from its recent zenith. Yet, the steadfastness around the $0.052 support level suggests an opening for an upward trajectory. 💎Despite the challenge of reaching new highs or surpassing prior records, which has led to a prevailing bearish sentiment, the $0.052 benchmark is critical for #WAXP. This juncture is primed to potentially kickstart a considerable bullish wave upon another assessment. 💎As strategic traders, we're always equipped with an alternative plan. If #WAXP dips further from this support, we're poised for a bullish revival starting from the next support at $0.051. It's imperative to acknowledge, however, that crossing below this threshold could indicate the onset of more profound bearish trends. 💎Keep your trading strategies adaptable and your observations of the market sharp, Paradisers. Your ParadiseTeam is vigilantly observing, ready to navigate you through these evolving market scenarios.
Long
by MyCryptoParadise_Simon
WAXP will continue to go up as long as it is in the channelWAXP will continue to go up as long as it is in the channel or breaks above it. 🔵Entry Zone 0.06214 - 0.06398 🔴SL 0.05860 🟢TP1 0.06932 🟢TP2 0.07492 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
WAXP ANALYSIS (4H)Due to the bearish ch and the breaking of the trend line, the waxp chart has a bearish view. If waxp reaches the supply range, we will look for sell/short positions. We have marked tp on the chart. Closing 1 daily candle above supply will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
WAXP/USDT Anticipating a Bullish Turn from Support Retest? 👀🚀 💎 Paradisers, let's gear up for a potentially exciting phase with #WAXPUSDT. The asset is currently shaping up for a probable bullish trajectory after revisiting a key support zone. 💎 Observing #WAX recent market behavior, it has effectively navigated a descending channel. After facing rejection at the channel’s resistance, there’s optimism for a downward movement towards our projected support at $0.0664. This could set the stage for a bullish move from that level. 💎 For the astute Paradisers, timing will be critical in capitalizing on this opportunity. Pinpointing the best entry points during this expected uptick is crucial, alongside cautiousness to avoid entering at the market's peak. Additionally, be on the lookout for a potential bullish recovery from the support level of $0.0632. However, keep in mind that a break below this level might suggest a struggle to maintain the bullish momentum. 💎 It’s also important to be prepared for a different scenario: if #WAXP breaks the $0.0632 support level, be ready for a significant downward shift in the market. 🌴💰
Long
by MyCryptoParadise
6
FTM HACK NEWS: NEAR TWO YEAR SUPPORT Recently, the company of the coin, Fantom Foundation were the latest victims of coin hacking. From a price perspective, this can be a bearish sentiment for traders as it questions its overall security and integrity of the blockchain. For more detailed information regarding this news, check out the links listed below (all on TradingView): www.tradingview.com www.tradingview.com In this weekly chart of BINANCE:FTMUSDT above, the price is on pace of touching the support line for the third instance from July 2021. The coin is still on a downtrend and a breakdown could be possible if we will have another hacking cryptocurrency, hopefully not. On an indicator perspective, our RSCD (RSI and MACD) is still bearish from a daily perspective. Thus, I still have bear bias for the coin unless we see a bullish reversal by looking at the chart below. I plotted a months-long resistance line for a potential breakout scenario. This could happen before the month ends. Always plan your trades. Happy trading :)
by luigi360swirl