Short
WRX/BTC (Bearish pattern: -40% drop?)
WRX/BTC
WRX is on a critical stage with this bearish descending triangle pattern which by technicals usually breaks to the downside.
Both 50 & 100 MA on the 4H time-frame are acting as immediate resistance zone during every minor pullback.
If WRX is unable to break this pattern to the upside within 24-48 hours.
The priority will be bearish and the target below is 900 sats area.
WRX is on a critical stage with this bearish descending triangle pattern which by technicals usually breaks to the downside.
Both 50 & 100 MA on the 4H time-frame are acting as immediate resistance zone during every minor pullback.
If WRX is unable to break this pattern to the upside within 24-48 hours.
The priority will be bearish and the target below is 900 sats area.
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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.