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Wemixtoken

#WEMIXUSDT Technical Analysis in 3-Day TimeframeHello 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: 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
Long
by Cryptorphic
WEMIXUSDT Broke a January trend-line. Major rally ahead.The Wemix Token (WEMIXUSDT) is up +250% since its May 12 Low. This incredible rise has seen the price break not only above the two major Lower Highs trend-lines (of the Nov 21 and Dec 22 2021 Highs) but also above the 1D MA50 (blue trend-line) and yesterday the 1D MA100 (green trend-line). The latter, was the first break above this trend-line since January 11 2022. That alone could be enough to justify the trend shift from long-term bearish to long-term bullish. What adds more weight to it, is the 1D LMACD indicator which reached a level we saw last time on October 22 2021, right when the major 1 month rally was starting. Naturally, the immediate target is the 1D MA200 (orange trend-line) around 6.500. Don't be surprised if the price pulls back to gain more buyers and test the 1D MA50 as a Support, if the 1D MA100 breaks. On the longer-term, see how well the Fibonacci retracement levels match Resistance and Support levels during the downtrend. Technically those are the gaps to be filled after the 1D MA200 breaks. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
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