Cross WAXP-Bitcoin WAXBTC Technical Analysis 1 May 2021

By Mandrakata | On The Edge | 1 May 2021

Technical Analysis

4047a8056bccaaf6c707a7409bf01540e691b4f89905f336eb18d396b119b9fb.png

https://www.tradingview.com/x/FA5nWK23/

Looking at 4H chart the price breakout the uptrend channel that had supported raising up to 23.6% FIB retracement level at 500 satoshi.
Following the intraday courses the RSI indicator anticipated that action (we had the breakout on uptrend channel 3 sessions ago), thats a signal that cannot be undervalued: price uptrend lost its momentum when technically on overbought.

On short-term I take profit selling WAX, and wait the new trend direction: over 500 satoshi we could see new ATH, under 450 satoshi we could see again accumulation zone at 380-330 satoshi.

0bb8f21cb38d967c23fa7fff1c19b07a6869e6eb18cad0895549e3bb399bb9b1.png

https://www.tradingview.com/x/YEx5am4k/

⚠️ Disclosure ⚠️ I wrote this article myself, and it expresses my own opinions. Above ideas is for educational purpose only, it is not intended to be investment advice.
Some of reported links are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you. I will never promote anything I don't truly believe in.

🔑 Best Crypto Wallets
🌐 Best Crypto Exchanges (where I buy crypto)
💹 Best Crypto Tools for Trading
👍 Free Crypto Faucets (daily airdrops)

Bitcoin (BTC) Blockchain Gaming Technical Analysis WAX (WAX)

How do you rate this article?

Mandrakata

Risk taker. Creativity solves everything. I practice what I post.

On The Edge

Trading outside your comfort zone. My technical analysis Ideas and Trading journal.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.