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WazirX Bullish Scenario
Looking at this 1hr chart I see some bullish possibilities.
We have formed a falling wedge, and also what looks like a Gartley harmonic pattern.
We have also retraced into what I consider the golden zone for a reversal, between the .618 and the .786 of the bullish move.
I consider WRX to be the BNB of India. WazirX continues to be India's leading exchange, and just introduced a new market for NFT's.
India has the potential to be one of the biggest emerging markets for cryptocurrency and
blockchain technology.
The wild card seems to be the government of India, which has been less than enthusiastic about cryptocurrency. At some point they will face the same choice all governments will face. Either get on board the crypto train or be relegated to the trash heaps of history.
For me, a $30-$50 WRX is plausible.
Where do you think WRX is headed?
Owhooooo!
We have formed a falling wedge, and also what looks like a Gartley harmonic pattern.
We have also retraced into what I consider the golden zone for a reversal, between the .618 and the .786 of the bullish move.
I consider WRX to be the BNB of India. WazirX continues to be India's leading exchange, and just introduced a new market for NFT's.
India has the potential to be one of the biggest emerging markets for cryptocurrency and
blockchain technology.
The wild card seems to be the government of India, which has been less than enthusiastic about cryptocurrency. At some point they will face the same choice all governments will face. Either get on board the crypto train or be relegated to the trash heaps of history.
For me, a $30-$50 WRX is plausible.
Where do you think WRX is headed?
Owhooooo!
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