We have an inverted head and shoulders forming on wax.
Also following the 3 month pitchfork trendlines nicely.
Entry set at .1987 .17 and .15 (to see if luck happens)
Then holding for a minute. Good buy under .20
not financial advice. I live in a fantasy.
Hey Humair, here is the update!
We are looking at testing the 38% as support still. we simply need to wait for candle coloses to confirm structure as support and 4H environment to turn bullish before we can look for entries.
Keep the Stoploss tight to safe guard your downside.
WAXP is showing a rounded bottom that, if all goes well, may turn into a cup and handle formation, signaling a possible continuation in it's bullish run.
I am going to wait until the handle completes.
The volume on the rounded bottom seems to be tracking but I would've like to have seen it slightly higher on it's run up the right side of the formation.
I am going...
Upland the weird explorer game on iOS App Store already has a MASSIVE following due to the NFT craze. Today they announced a NFT trading card sale will happen in three days with this specific crypto. Expect it to go above rsi before correcting.
Disclosure. Own opinion. Own 282 “coins”. Use own judgement.
Thanks again Aqua Hydro Man!
We are testing the 38% fib as support on the moment with heavy sideways consolidation on a daily. we need to see a break and test on the days before we consider trading otherwise expect a drop and potentially a fall to the 88% fib which is the next major structural level.
WAX has recently gained popularity due to a partnership with Topps and the successful launch of Garbage Pail Kids on the WAX blockchain (an EOS side/sister chain).
Price left the $0.048 level in a big way and has doubled in value in about a few days. WAXP/USD is currently trading around $0.08.
If price approaches demand at $0.048 I will be placing a buy...
