Waxp
WAXP - Overlook & Trade setupWAXP just broke out from a looooooong consolidation.
So we don't have enough data to set out trade setups, but here is what I think might be important.
There's a ATH Resistance which might be touched again and it's pretty strong.
There a local resistance which isn't as strong but might be a key area for your positions.
There's support which can hold the price up for a short period of time.
Right now all platforms are showing strong buy volumes and high demands so I don't see this coin dump any time soon.
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $0.37726102
Good Luck
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WAXP is NextCryptos have been breaking out lately, and WAXP looks to be next.
Looking at the recent series of higher lows following a long period of consolidation makes a strong case for a bullish breakout. Many other cryptos have been exploding to the extreme Fib 261.8 line, so I'm biasing my take-profit down from that in anticipation for that happening.
I'm in at the cyan line just a small amount.
WAX: have you ever seen a DOUBLE FLAG !?!I have never seen a formation like this !
But this is a thing of beauty.
The recent downturn just led to a massive price decline and WAXP just successfully back tested the second green bull flag before turning up decisevely !!
I wish I had not sold so early since I am left out and price runs away from me.
However I could not resist making a short post after watching this Beauty of Art Double Flag !!
Cheers !
WAXP - Volume , Price action. 2020 momentum. Like the projectIts been showing strength all this year. Back in the top 100 now. I like the momentum. I'm in.
WAX Protocol Token Goes Crazy 300%+ on KuCoinWAX Protocol Token (WAXPBTC) jumped today by over 300% on KuCoin... This appears to be a "real" move.
The trading volume today for WAXPBTC is really high and the indicators are looking strong.
Closing above EMA300 (the gray line at 0.00000507) daily can signal additional growth.
It looks like the entire altcoins market will move one level up.
Thanks a lot for your support.
Namaste.
Cup & Handle forming for WAXP !!!This is a very large - huuuuuge - cup and handle pattern forming for WAXP.
378 satoshi could be a gift.
Methinks WAXP is going MUCH higher in the short to medium term.
WAXP heading for 120% gain in the coming week?WAXP is looking extremely bullish at the moment as a result of the upcoming partnership which the team behind the token has been teasing the public with for the last 3 days (see twitter.com). Three teaser images they have shared which hints at Disney becoming their partner which would be HUGE. Regardless of this partnership though WAXP is one of those tokens that I personally believe is undervalued at the moment if you consider WAXP is widely used for trading virtual goods in the gaming industry. Reasons for the low valuation are lack of global awareness and large crypto exchanges offering WAXP trading.
Now looking at the chart we can see the explosive increase in price from about 300 sats until 950 sats where price got heavily rejected. We appear to have completed 5 waves whereby wave 2 retraced by 50% the length of wave 1 and wave 3 was 1.618 times the length of wave 1 which is pretty much text book elliott wave theory. Wave 5 appears to have over extended which caused that violent rejection at 950 sats. Since then we have retraced by 50% of the entire 5 wave cycle. If this marks the end of wave 2 of the cycle of one order higher then we may be on our way to start wave 3 of this higher order cycle with a target of 1364 sats.
Now clearly, whether or not this will happen will depend on whether Disney is indeed their new partner and if BTC doesn't dump.
