📉 Technical Overview:
WAXP continues to move within a well-defined downward channel, with the price having dropped by roughly 98% from its peak.
Currently, it's forming a falling wedge pattern, and the price is approaching the upper boundary — often a zone of breakout potential.
💡 Key Point:
We’re seeing notable buying volume, which could suggest accumulation by larger players or strategic positioning ahead of a possible reversal.
🎯 If bullish momentum follows, the first key target would be the top of the descending channel.
WAXP continues to move within a well-defined downward channel, with the price having dropped by roughly 98% from its peak.
Currently, it's forming a falling wedge pattern, and the price is approaching the upper boundary — often a zone of breakout potential.
💡 Key Point:
We’re seeing notable buying volume, which could suggest accumulation by larger players or strategic positioning ahead of a possible reversal.
🎯 If bullish momentum follows, the first key target would be the top of the descending channel.
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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.
Related publications
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.