WAX corrected back to double bottom. Looking at structure we see series of zigzag moves, creating one large ABC pattern, where we completed waves A + B and should now bounce up into impulsive (5 waves) C wave.
Similar pattern was develope on XRP which resulted in impulse leading to new ATH.
As long as we bounce from here I expect WAX to do the same move with targets for C wave being at fibb 1.272, fibb 1.618 and fibb 2.0 levels.
Similar pattern was develope on XRP which resulted in impulse leading to new ATH.
As long as we bounce from here I expect WAX to do the same move with targets for C wave being at fibb 1.272, fibb 1.618 and fibb 2.0 levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.