✳️ WAX Set To Speed Up-Upward | Low Risk vs High Reward

11 Feb 2023

EMA100 is always a strong indicator to look at on the daily timeframe for cryptocurrency pairs.

Here we can see how WAXPBTC challenged this level 7 times, between 14-Jan. to 1-Feb. before breaking above it.

After breaking above this major resistance which signals the medium term strength of a pair, it was tested as support.

This happened between 8-10-Feb. and so far it holds.

With a full green candle today, prices trading above EMA10 and EMA100... WAXPBTC is set to continue growing.



We have a strong RSI, a good entry is possible here.

Very tight stop-loss manual below EMA100.
Based on the daily timeframe.

A stronger, longer lasting stop-loss would be EMA50 at 0.00000312.

The rest is to wait for prices to move up.
If it doesn't move up, you have your stop.

Low risk, with high potential for rewards.

That's the type of chart setup we enjoy.


Namaste.