The Worldwide Asset and NFT eXchange( WAXP/USDT Analysis) ๐๐
โ๏ธHello Crypto community Welcome to this introduction for another high potential crypto project.10x !๐๐ฐ๐ค
๐นRank #103
kind :coin / Market Cap:$714,951,131 ///Total Supply: 3,849,867,236 WAXP/// Circulating Supply: 1.93B WAXP(~50%) ====> so so!โ
๐ฐWhat Is WAX (WAXP)?
WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. It is fully compatible with EOS.
The Worldwide Asset eXchangeโข (WAX) is the world's most proven and eco-friendly blockchain for NFTs, video games and collectibles
coinmarketcap-wax.io
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๐๐ TECHNICAL
As you can see on the DAILY timeframe for WAXP/USDT , It is trading about $0.37right now.
Since 17 NOV ,after recording a new ATH (1$) for wax , it has been declining and take a long time for retracement till now . when the 20ema( red) crossed under 20-day ema (yellow) it had a fall , and recently reacted to support range area and rebounded ,also the 13ema is crossing over the 20ema . which is a bullish sign for starting a new rally . although there is possibility to touch the support area once again , but by closing above the resistance is can reach to higher resistance level . and then so on!
๐resistance level: $0.8 -$0.84//$0.48-$0.52
โ๏ธsupport levels: $0.25- $0.3///1 $///$ 0.1236-$0.1670
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๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me ,give a big thumbs ๐ and drop comment ๐ฏ๐ญ
๐นRank #103
kind :coin / Market Cap:$714,951,131 ///Total Supply: 3,849,867,236 WAXP/// Circulating Supply: 1.93B WAXP(~50%) ====> so so!โ
๐ฐWhat Is WAX (WAXP)?
WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. It is fully compatible with EOS.
The Worldwide Asset eXchangeโข (WAX) is the world's most proven and eco-friendly blockchain for NFTs, video games and collectibles
coinmarketcap-wax.io
------------------------------------------------------------------------
๐๐ TECHNICAL
As you can see on the DAILY timeframe for WAXP/USDT , It is trading about $0.37right now.
Since 17 NOV ,after recording a new ATH (1$) for wax , it has been declining and take a long time for retracement till now . when the 20ema( red) crossed under 20-day ema (yellow) it had a fall , and recently reacted to support range area and rebounded ,also the 13ema is crossing over the 20ema . which is a bullish sign for starting a new rally . although there is possibility to touch the support area once again , but by closing above the resistance is can reach to higher resistance level . and then so on!
๐resistance level: $0.8 -$0.84//$0.48-$0.52
โ๏ธsupport levels: $0.25- $0.3///1 $///$ 0.1236-$0.1670
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me ,give a big thumbs ๐ and drop comment ๐ฏ๐ญ
