WRX - WazirXWazirX WRXBTC forming falling wedge - reversal pattern
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WRXUSD
WRX/BTC (Trendline Resistance)WRX/BTC
-Since the break of the key support area
-The price drop almost -20% below
-Its new temporary bottom is set at 1042 sat
-If WRX unable to break the downward trendline
-it is likely to retest the recent Low
-And potentially form a double bottom reversal
-Aggressive Buyers are waiting for a retest
-While breakout Traders are awaiting the trendline break
-Please digest your trading plan and risk appetite
-Before opening a position
WRX/BTC (Broke Daily Key Support)WRX/BTC
-Broke key daily support at 1264 sat area
-There is no logical support until 900 sat range
-This is looking bearish in the midterm action
-I recommend not to catch a fallen knife during the fresh breakdown
-Wait for the price to consolidate at key areas
-Look for any Bullish signs that the market will reverse
-Avoid trading using High leverage
WRX - Breaking out of a Massive Pennant! Big Gains Ahead!I'm long here. Target is .000028 based on triangle height.
WRX/BTC (Bulls Holding Support, But Can Break Higher?)WRX/BTC
-failed to break 1600s resistance
-price action is back inside the resistance box
-the bullish side is, still maintaining the higher low at the 1400s
-we have a potential triple bottom reversal
-only open a buy order if we close above the 1550s
-target the top resistance area between 1900-2200
-and our stoploss is below the 1410s
#WRX/BTC 4hour breaking outSince dominance is falling and most of the alts are popping like balloons.
WRX seems to be breaking the resistance soon and coming out of its accumulation zone. It needs to break above this 1485 resistance level.
Observe the chart and see how many resistances point to the same area.
IF WRX IF ABLE TH BREAK THIS LEVEL JUST BYU IN FOR QUICLK 20% (Not financial advise DYOR).
If it breaks the first target will be 1580 and second 1780 for short term.
SL: 1320
This could also be a good long term hold IMO.
Hope you all accumulated below 1400 as per my last analysis.
Hit that like button if you like this update and m]more alts setup is coming.
Thanks for reading
#PEACE
Wazirx Price Analysis: Consolidating Ahead Of Triangle Breakout
Wazirx recovery from March lows at $0.05 stalls under $0.15.
A triangle support breakout is in the offing as WRX/USD consolidates under $0.15.
Wazirx (WRX), a relatively new coin in the market but one that is growing at a steady pace. In the short period, it has traded on exchanges in 2020, Wazirx continues to be an epitome of attraction to investors. At the momentum, it holds the 190th position on CoinMarketCap. It also commands a market cap of $14 million and a 24-hour trading volume of $6.4 million.
Meanwhile, Wazirx is trading 1.36% higher against the US dollar. It has lost 0.17% against Bitcoin in the last 24 hours. Moreover, it is trading 3% lower against the world's largest altcoin Ethereum.
Wazirx Technical Analysis
WRX/USD is flirting with $0.1347 at the time of writing. The crypto has been consolidating under $0.15 following a recovery from the major support at $0.05. In March, Wazirx rallied to a new all-time high; $0.23. However, amid the Coronavirus pandemic, the price collapsed massively from the news highs to the aforementioned support at $0.05.
From a technical perspective, the ongoing sideways trading could take precedence in the coming sessions, maybe even a week unless WRX finds a key catalyst. For instance, the consolidation is taking place in the apex of a symmetrical triangle pattern. If the bulls are able to overcome the pattern’s resistance, then WRX/USD can have the path to $0.20 cleared due to a technical breakout.
Indicators such as the Relative Strength Index (RSI) are moving horizontally around the average to show that the bullish and bearish pressures are canceling out. This means that the triangle pattern can lead to either a breakout or a breakdown depending on who among the bulls and the bears is stronger. On the downside, support is anticipated at $0.10 and $0.05.
WRX/BTC 20% Proft Incoming!!Welcome to his quick update guys.
WRX/BTC looks like facing the 0.236 fib level extension. fORMED A w PATTERN AT THE BOTTOM along with a double bottom pattern which is highly busllish in nature, I recommended you guys to buy within 1350 to 1450 and it came down to 1332. Hope yo got in. If you didn't you can buy within the range:
1450 TO 1510
Target is the green box for short term. and for mid term targets are:
1655
1788
1860
2035
SL: 1325
Please hit the like button if you like this update and follow me for more upcoming altcoin setups. I'VE ALSO ATTACHED THE LINK OF SOME ONGOING ALTCOIN TRADE SETUPS WHICH COULD BE HIGHLY PROFITABLE, DO HAVE A LOOK .
Thank you
#PEACE
WRX Hyperwave StructureWatching for price patterns on WRX whilst trying to understand Hyperwaves better
Observations:
A - looked like a textbook Hyperwave - returned to first sell-off point
B - Exhibited common price patters as seen in A and manage to retrace - returned to first sell-off point
C - Exhibits common price patterns with A and B but much flatter - returned to first sell-off point
Although WazirX is not to the crypto space, the Binance WRX is a new Cryptocurrency so it's interesting to study its behaviour. It is tracking through some major price fluctuations in crypto but patterns are emerging. The general trend is up although this has slowed and flattened out in this C period. This might diminish upside to only previous highs?
BTC will no doubt have a role to play here. Very interested to see how WRX moves in next few days.
Best, Hard Forky
#WRX/BTC Best investment for long term.ALTCOINS may be pretty tough to choose these days.
You never know how much they can fall.
But If you choose the right one for the right term you'll be highly rewarded.
This is what I've learnt from my experience.
IMO WRX is best buy under 1400 to 1600 region.
WAZIRX is a token of its own exchange which is one the largest exchange of India a country with the second largest population and crypto got a green flag from their governement recently.
So fundamentally it's a good long term investment just BNB is for Binance.
Technically its trading under a falling wedge channel which is bullish in nature since the last 1 month.
We may see a breakout soon. RSI is in oversold area might see buyes coming in soon.
I have my 5% of Alt portfolio in this coin and buy more as it goes down.
Long term we can expect as high as 5x returns in the next 1 to 2 years.
Currently I've plotted the short term Targets and accumulation Range in the Chart.
TARGETS:
1.1776
2.1983
3.2088
4.2252
Period: Mid -Term.
If you like my ideas please hit the LIKE BUTTON and follow me for such updates.
#PEACE
#WRX/BTC Ready to pump 50% + Potential GrowthSorry guys for not being active since the last few days. Had some issues with the system.
In my last update I expected WRX to come down to these buy levels. Didn't expected it to come below 1450 but it's fine you got some discount don't you?
Now the chart looks extremely bullish and expecting it to START A POSITIVE RALLY SOON breaking all the resistances.
Indicators like RSI is oversold, MACD is bullish.
SUPPORT and BUY Range: 1340 to 1420
Target: 50%+.
WRX BUYING POSITIONHi Guys, I am going to show you short term position for WRX. Since WRX has touched monthly level so this is best time to enter into market. As WRX breaks trendline we are aiming to touch 0.00001615 being a daily level which can account for a profit of 6%.
Keep Trading and stay safe guys :)
#WRX Update [May, 4th] Heading towards the Major Support#WRX (Update)
Heading towards the Major Support (1450-1460 Sats).
If Bulls Hold the Support, Expecting Another Bullish Wave in Coming Days So Keep Your Eyes on it...!!
WazirX An opportunity to climb again Please support this idea by pressing the like button
Entry Between : 0.00001631 - 0.00001522
Target 1 : 0.00001780
Target 2 : 0.00001784
Target 3 : 0.00002086
Target 4 : 0.00002237
Target 5 : 0.00002562
Stop loss : 0.00001478
Risk/Reward : 6%/65%
WRX +300% VIP Call
WRX / BTC — Trade Plan for WeekendHello guys!
Looking for entry in wrxbtc.
I know we all want to the moon for this coins.
If you hold for long term, I advice to revise your positions.
Keep the strategy simple.
Interesting zone to see sell orders at 2000 and 1900
Entry at 1750.
SL below entry is required.
Remember the risks
If you following somebody with good Risk/Reward and Win Ratio.
Without risk management and allowing yourself to lose some trades, you won’t be good trader/investor.
Please don’t follow any analyst blindly on this website.
Always use stop loss to prevent yourself from losses.
Make sure you understand and afford the risk. Please.
ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊
Stay tuned to Artem Crypto
WRX token | 40+ % Target | RR 1:2Hey everyone, first of all please ensure safety of you and your family from Covid-19.
Follow the measures taken by the Govt.
So now straight to the point. In this analysis i used Fibo levels for target as well as for StopLoss and WRX is generating high volumes which is good.
This setup offers us 1:2 Risk to Reward ratio.
If this idea seems good or matched your views, you are good to go.
Best of luck Traders and keep supporting by giving a like to the work.
You can checkout my other works below.
WRX/BTC (Another Leg-up?: up to 35% profit)WRX/BTC
WRX is starting to trade outside the small trendline resistance at the 1984 sats area. If this price action continues,
we could expect a real breakout within 24-48 hours and new support will be established in 1860 sats area.
Our stop-loss will be below 50MA and upside target up to 2650 sats.