Cross waxp-bitcoin waxbtc technical analysis 1 may 2021

Do repost and rate:

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.

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.

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