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

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.