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WAXP / TetherUS

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WAXPUSDT trade ideas

WAXPUSDT 1 HOUR Breaking resistance line coming from launch date on Binance. Good chance we will see a quick rise to 0.36, however, if it is completing the cup and handle then we should expect a retest downwards and MUST HOLD AS SUPPORT --- > This is drawn out as the long position path. Short position: We need to hold 0.32 support or else it will fail down to 0.28. Volume: Volume is indicated a dying trend for the bearish market, and now it slowly picked up volume as the price has been rising. This indicates a trend change, however, it is not a strong trend change. It is still a weak trend, it simple shifted from bear - > bull. Depending on the break, we will watch volume to see strong trend changes RSI on 4 hr is still below 70 so we have a good set up,
by BARSTrading
WAXP/USDT { WAX } - BULLISH SETUPANALYSIS 🔎 - WAXP/USDT has been resisted by the short term descending trendline resistance. - Price is testing the descending trendline resistance. - After some breakout attempts, we could be on the verge of a successful breakout above the descending trendline resistance. - Key horizontal resistance levels have been indicated on the chart. - If a successful breakout is achieved, the horizontal resistance levels can be used as your take profit targets. - Draw your lines and watch. Eğlence 🥂
Long
by Chibuike_Odoh
WAXP/USDT { WAX } - BULLISH SETUPANALYSIS 🔎 - WAXP/USDT is consolidating in a symmetrical triangle pattern . - Price is testing the symmetrical triangle's inclined resistance. - There's a breakout potential. BUY ENTRY ⬆️ - Market entry: current market price. - Stop limit entry: breakout above the symmetrical triangle's inclined resistance. - Limit entry: test of the symmetrical triangle's inclined support. TARGETS 🎯 - Horizontal resistance level (@0.4150). - Horizontal resistance level (@0.4250). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
Long
by Chibuike_Odoh