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WRXUSDT trade ideas

WRX is testing the waters with volume for the fifth time. Is itSince it broke below the previous support in March this year, it has been in a sideways trend for about four months. During this period, the trading volume was very sparse. There were occasional signs of a rally, but they were all short-lived, instantly suppressed by the bears. Obviously, there is a benefit to this. During a period, the average chips were averaged out. So, is the fifth rally happening recently on the hourly line real or fake? Note the take-profit and stop-loss positions marked by parallel lines in the chart. BINANCE:WRXUSDT
Long
by IMBTCKING
WRXUSDT Trading OpportunityWRXUSDT has undergone a significant correction after reaching an all-time high in April 2021 with price tested $6.66, but we believe that the correction is almost coming to an end. There is a trendline on the chart that has historically acted as strong support and we believe will hold again. As shown on the chart, we have identified a demand zone towards this trendline, which could serve as a potential accumulation zone. The zone has historically acted as very strong support in the past, making it an important level to watch. We recommend placing a stop loss below the major important trendline to limit potential losses in case of a sudden drop in price. The stop loss level is also shown on the chart for reference. Our targets for this trade are shown on the chart and indicate a potential increase in price from current levels. As always, proper risk management is advised. Please note that this analysis is not financial advice, and you should always perform your own research and risk assessment before entering any trade.
by weslad
3
WRXUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Target: 0.21 - 0.25 - ~0.29 after first target reached move ur stop to breakeven Stop: ~0.135 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 3.5 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
On 1 Feb 2023 Indian FM Will Talk on Crypto Regulations.......On 1st Feb Indian Finance Minister Nirmala Sitharaman is going to announce budget of India. I am expecting that she will definitely talk about crypto regulations in India. As Wazirx is leading exchange in india right now, if something positive is for indian crypto community then WRX coin and other well reputed indian tokens will pump hard on tht day. So lets trade this upcoming new This trade is completely based on news, if something unfavorable news comes WRX will dump too...
Long
by Rohit_Shinde
WRXUSDT - excellent medium-term investmentLaunched in 2018, WazirX claims to be India's fastest growing cryptocurrency exchange with over 400,000 users, with an average app rating of 4.6. WazirX is a part of the Binance ecosystem. WazirX and Binance have launched a $50 Million USD ‘Blockchain For India’ fund. The exchange is available for the global audience, and key features include: Instant INR (fiat) deposit and withdrawal options Smart Token Fund to help crypto investors find expert traders, and let them manage their cryptocurrency portfolio World’s first auto-matching P2P engine with high liquidity 80+ tokens Login via Binance option WRX is the utility token of WazirX. WRX token is based on the Binance blockchain. Its total supply is 1 Billion. The token holders will be rewarded with various benefits on the trading exchange like trading fee discounts, WRX trade mining, token airdrop, margin fee, and more. WRX and WRX are backed by Indian entrepreneurs with over 10 years of experience in building and scaling global products out of India. WazirX was also acquired by Binance in November 2019. The goal of WazirX is to make crypto accessible to everyone in India. If you liked the idea, please like it. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your your loved ones.
by Artem_Dishel
6
WRXUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for WRXUSDT Here we have R2 and R1 as the resistance areas which express the unsuccessful attempts of the price to rise. And S1 and S2 are our support areas at the bottom of chart. Presently, we have the price fluctuating over S1 and our prediction would be a little fall to reach this area (according to its past behavior) and there we must receive some rising signs in order to predict an increase toward R1. Even it is possible that the price falls below S1 and faces more decline to lower amounts. Let's wait for our future updates and make sure what is going to happen. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
WazirX (WRX) - September 21Hello? Traders, nice to meet you. If you follow "Follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------------- (WRXUSDT 1D chart) 1st resistance: 0.2557-0.2720 2nd resistance: 0.3540 Support: 0.2110-0.2300 If you are supported from the support section, it is expected to rise. If you fall from 0.2110, you need to touch the fall trend line (1) to see if it rises. ------------------------------------------------------ --------------------------------------------------- ** All descriptions do not guarantee losses in investments for reference. ** If you share this chart, you can use the indicators normally. ** MRHAB-T indicators include indicators that display support and resistance points. ** Background color of Long/Short-S indicators: RSI overreagy, overlooked section mark ** Background color of CCI -C indicators: When the short -term CCI line is -100 or less, when it is +100 or more, ** OBV indicators have rewritten by applying the formula to the indicators of OH92. (Thank you for this.) (Short -term STOP Loss is a point where you can preserve or enter additional gains and losses by split transactions. It is a short -term investment perspective.) ---------------------------------------
by readCrypto
BUY WRX/USDT..Hi Traders, Let's break down the Technical Reasons why I am bullish on WRX for the short term and long term : 1. Recently , Bitcoin accumulation trend has shifted to bullish phase and this indicates a clear bull signs for alt coins as well.. When it comes to Alt coins ,finding and Investing in Potential coin is the Biggest challenge. 2. I choose WRX/USDT as the potential coin because of clear buy Initiated in RSI indicator.it formed a higher lows in weekly time frame with high volume breakout, and trades above MA. 3. When it comes to (RRR) RISK REWARD RATIO. we get more than 5x profit which is higher compared to investing in BTC (at current levels).
Long
by CHARTISTKING1
2