WRX
UPDATE ONLYBulls remain unfazed by the sudden drop yesterday. Got supported by 2.6-2.8 level and is now at 3.2 level at the time of writing.
WATCH OUT FOR THE movement on the descending channel at the shorter term and take caution on the descending triangle as well for the medium term trend.
TP 1 4-4.6
TP 2 6-6.6
TP3 10
DOUBLE TOP 2Hi Everyone,
Shared an idea earlier on but for some reason I think because it was 1 min chart trading view made it private.
Check the link to my related idea to see the 1 min chart and the double top patterns
So basically if you look at the 1 min chart from last night to this morning, you would have seen that WRX formed 2 double tops and we both know these are extreme bearish reversal patterns and currently we now have support at the 3.8 range.
But if you sold at $4.5 range like I stated in my previous idea, you should be smiling as i stated our next resistance would be $4.5 which looking at the 24 hour high, I was correct giving you the opportunity to add a few more tokens at the bottom. I'll try and keep you guys updated.
Always try and watch out for the patterns and trends.
Just want to state this analogy. if you keep banging on a door eventually it will become weak and break. The longer WRX stays at this support level of $3.8 it might and probably will get weaker and we might break to the downside with the next Support level @$3.6 range
🆓WazirX/USDT Analysis (15/4) #WRX $WRXThe buying force is coming into WRX, but I think the 4$ zone is very strong that WRX is not ready to conquer this zone but will take us some days and move sideways in the range of 3.5-4$ to keep accumulating and will break out of the 4$ to move up to 5$, 6$ or even 9$ in this April.
However, if it lose the 3.5$ zone, it could have a big correction to 2$ zone
📈BUY
-Buy: 3.4-3.6$ if A. SL B
-Buy: 3.9-4.1$ if A. SL B
📉SELL
-Sell: 4.9-5.1$. SL A
-Sell: 6.0-6.3$. SL A
-Sell: 8.5-9.0$. SL A
♻️BACK-UP
-Sell: 3.4-3.6$ if B. SL A
-Buy: 1.9-2.1$. SL B
❓Details
Condition A : "If 6H candle closes ABOVE this zone"
Condition B : "If 6H candle closes BELOW this zone"
WRXUSDT LONG IN BINACE SPOT NOTICE : RISK/REWARD RATIO TO PT1 IS : 1.25
YOU CAN SET A "BUY STOP LIMIT" ORDER ON THE TRIGGER PRICE !!!
AFTER THAT SELL 50% OF YOUR POSITION ON TP1 AND UPGRADE YOUR STOPLOSS TO YOUR TRIGGER PRICE AND WAIT FOR TP2 OR MORE ... IT MEANS : RISK FREE !!!!
JUST LIKE AND FOLOWFOR MORE ... 8D
WazirX Bullish ScenarioLooking at this 1hr chart I see some bullish possibilities.
We have formed a falling wedge, and also what looks like a Gartley harmonic pattern.
We have also retraced into what I consider the golden zone for a reversal, between the .618 and the .786 of the bullish move.
I consider WRX to be the BNB of India. WazirX continues to be India's leading exchange, and just introduced a new market for NFT's.
India has the potential to be one of the biggest emerging markets for cryptocurrency and
blockchain technology.
The wild card seems to be the government of India, which has been less than enthusiastic about cryptocurrency. At some point they will face the same choice all governments will face. Either get on board the crypto train or be relegated to the trash heaps of history.
For me, a $30-$50 WRX is plausible.
Where do you think WRX is headed?
Owhooooo!
Holochain (HOLO) is just now passing the trend up.Holochain (HOLO) ($HOT) is a disruptive project with a recent US patent #10,951,697. Is is called the Airbnb /Uber for cloud computing for good reason. It will be disruptive to web hosting giants like Endurance International Group (EIG) as well as server infrastructure like Amazon Web Services ( AWS ) and Google Cloud Platform ( GCP ).
HOLO is just now passing a major resistance in the trend. OBV and the trend strength indicate the resumption of upward movement. People need somewhere to put their BitTorrent (BTT), WazirX (WZX) and Dent (DENT) profits not to mention Cardano ($ADA) converts seeing HOLO as a new possibility now. Disruption incoming as HOLO heads to the top #10-15 in market cap.
See the signature for financial advice information and buying info.
152% in 24hrs, Will WAZIR, WRX keep heading to the stratosphereUp a mindbogglin 152% in 24 hours, when will buyers pull back and take their profits. After a seismic spike, there is a little red candle demonstrating the struggle here between hodling for more profit and profit taking. This mini crypto has moved up the charts driven by their partnership with Binance and their desire to connect all indians (a billion of them) to crypto. I think we will see another jump.
Go long!, but not too long... just a little long... you know, just the right size of long... not so long that it hurts, not so short that she can't feel a thing.
WazirX Whuh?This daily chart for WazirX has me howling for the moon!
WRX is a coin I've been accumulating for about a year. I think it has the potential to be the BNB of India and I've been stacking ever since I had that realization.
Now this long shot looks like a potential moon shot!
Owhooooo!
WRX.USD (Y21.P2.E2). Descending Wedge breakoutHi Traders,
Continuing off from the previous post, we have the story continuing on for WRX as it met its bottom support for this re-accumulation phase.
Now its completed a phase of it, we have an opportunity based on a descending broadening wedge structure and what looks like confirmation, that we have good entrance point.
For the entrance, I would wait for the downward pressure to complete and if the level is still there, look for a bullish candle along with the indicators for confirmation.
All the best,
S.SAri
PREVIOUS POST
WRX.USD (Y21.P2.E1). Did you miss this Gem?Hi Traders,
Here is another goldern opportunity.
Without realising it, I bought in early 2 days ago but didn't look at the bigger picture.
Now I'm glad but wished I bought more, unfortunately couldn't leverage this on FTX.
Many things going for it, for now, inverse H&S. Now look at the history and you'll understand why its a gem.
All the best,
S.SAri