WEMIX (WEMIX) - July 3Hello?
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(WEMIXUSDT 1W Chart)
An important key is whether it can rise above 6.03109, the volume profile section formed from a mid- to long-term perspective.
(1D chart)
If the 2.83210-3.19791 section is supported and supported, it is expected to turn into an uptrend in the short-term and medium-term perspectives.
However, it is expected that it will lead to a further increase only when it rises above 4.47454.
It is necessary to check whether it can be supported in the section 2.32202-2.59645, which is a weak support section.
If not, you should see if there is support around 2.03243.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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WEMIXUSDT trade ideas
For wemix, the cycle begins again.Hello my friend.
Wemix has been on the bear for a long time and I think the bottom is now over and the bulls will get the wemix back on its feet. we created a cup handle, and before that, we created a cup handle and started the ascent. When you examine the previous bottom of the graph, you will understand better what I mean, because the cycle starts again. I'm positive for wemix and expect a rise. The lines I have drawn are to show the upward movement, please do not watch it move in the same way. This analysis is a medium-term analysis, do not expect immediate gains, for those who are patient to follow, do not forget to close your trade if the chart does not move in line with my expectations. Do your risk analysis, follow the bitcoin And don't forget to use stop. Cryptocurrencies are risky assets so don't lose your money. It is not investment advice. GATEIO:WEMIXUSDT
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.
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WEMIX (WEMIX) - May 26hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(WEMIXUSDT 1W Chart)
From a mid- to long-term point of view, it should rise above 4.47454 to continue the uptrend.
However, since a volume profile section is formed around 6.03109, it is expected that the upward trend will continue only when it rises above this section.
Below 3.6: It is likely to be a mid- to long-term investment area, so careful trading is required.
(1D chart)
This is the WEMIX chart that I introduced a few times on the BTC chart before.
It moved above 2.32202, turning into an uptrend in the short and medium term.
It has broken through the 3.6 point, the first resistance section, and is rising.
The secondary resistance section is 5.52515-6.03109 section.
It is important to be able to store power by walking sideways in the section 3.6-5.52515.
If it rises above 6.27980, it is expected to surge.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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