WAXP / KRW / USD - Bullish divergence

Using the South Korean won chart as there is more history! Nonetheless the 1-day USD chart is shown below. On the above 2-day chart we have:

1) Past RSI resistance has now become support.

2) Stochastic RSI makes higher highs with lower lows in price action = normal bullish divergence

3) Price action finds support on the 21-week moving average (see dollar chart below - green line).

There's not a huge amount of volume flowing into this project right now despite the divergence, however in my eyes this makes it a great opportunity to get in before it does come.

1-day USD chart showing 21-week moving average support

1-day BTC chart - Bullish engulfing candles following oversold period (orange and dark orange column)

Note

Bullish engulfing candle on the 2-day chart (bull+) as price action tests previous support.

Note

Now up 550% and overbought. Profits should be taken at those levels.

Trade active

The BTC chart against KRW/USD/EUR is looking very bullish. The symmetrical triangle should breakout soon enough, 2-3x BTC return minimum.

Trade active

Binance listing

Note

** swing trade opportunity **

Price action is currently overbought printing a 'great sell' (green bar below), although it is not yet confirmed on the weekly chart (below, but has done on the daily.) Look left, expect a significant pullback.

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: