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Technical analysis by Zorroreny about Symbol WAXP: Buy recommendation (4/18/2025)

https://sahmeto.com/message/3424499
Zorroreny
Zorroreny
Rank: 1057
2.7
Buy،Technical،Zorroreny

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.

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Signal Type: Buy
Time Frame:
1 month
Profit Target:
$0.06
Stop Loss Price
$0.01679
Price at Publish Time:
$0.02287
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