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WAXP / South Korean Won

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WAXPKRW trade ideas

WAXP / KRW / USD - Bullish divergenceUsing the South Korean won chart as there is more history! Nonetheless the 1-day USD chart is shown below. On the above 2-day chart we have: 1) Past RSI resistance has now become support. 2) Stochastic RSI makes higher highs with lower lows in price action = normal bullish divergence 3) Price action finds support on the 21-week moving average (see dollar chart below - green line). There's not a huge amount of volume flowing into this project right now despite the divergence, however in my eyes this makes it a great opportunity to get in before it does come. 1-day USD chart showing 21-week moving average support 1-day BTC chart - Bullish engulfing candles following oversold period (orange and dark orange column)
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by without_worries
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