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WEMIXUSD Targeting $6.000 after the next pull-back.WEMIX (WEMIXUSD) broke yet above another Resistance (2.7675) yesterday as well as the 0.5 Fibonacci retracement level. It is about to complete a +160% rise from the previous Low, which is the % range that the previous two bullish legs have registered before pulling back since the August 17 low. The next Resistance level is at 4.700 almost exactly on the 0.618 retracement level, but after the expected pull-back now, our target will be higher, another +160% leg at $6.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:WEMIXUSDLong
by TradingShot
WEMIXUSD Major bullish breakout and it's not finished yetWemix / WEMIXUSD is having the strongest 1week candle since September 18th when it crossed over the 1week MA50 and turned it to Support (closed all candles over it). It has already hit the 0.5 Fibonacci level of the Bear Cycle while crossing over the Falling Resistance, the final Resistance. This puts the crypto into the new Bull Cycle without any doubts and the two Lower Highs of the Bear Cycle can now be targeted. Buy now and target 2.800 (Resistance A) and after a 0.5 Fibonacci pull back, buy again and target 4.7500 (Resistance B). It has to be noted that the market remains massively undervalued under 0.00, showing its immense upside potential. Previous chart: Follow us, like the idea and leave a comment below!!
CRYPTO:WEMIXUSDLong
by TheCryptagon
WEMIXUSD Neutral until one of those levels breaks first.WEMIX is close to a 1day Golden Cross and naturally this draws some comparisons with the last 1day Golden Cross on March 7th. The price turned bearish when it closed under the 0.382 Fibonacci level. The current 0.382 Fib is around 0.9400, if crossed then sell and target the 1day MA50 at 0.85000. If the 0.236 Fib breaks first (1.07350), then target 1.32000 (recent top). Last week's 1day MACD Sell Cross has to favor the bearish case. Follow us, like the idea and leave a comment below!!
CRYPTO:WEMIXUSDShort
by TheCryptagon
WEMIXUSD Bull Cycle still not confirmed.WEMIXUSD had the biggest 1W bullish candle last week in 2023 turning the 1W technical outlook bullish (RSI = 59.545, MACD = -0.041, ADX = 41.950) and the 1D RSI extremely overbought. A lot of traders will understandably rush to buy on this level especially since the price crossed over the 1W MA50, but that is not confirmed bullish region yet. You can see that the 1W MA50 was crossed (and closed candle) on February 20th 2023 but still the price failed to sustain an uptrend and declined to the 0.5 Fibonacci level. Today the 1W RSI hit the 61.50 Resistance formed by the February top. Consequently we do not consider this breakout a reliable buy signal and instead we need to see the price crossing above the 1W MA100. If it does, we will turn into long term buyers on WEMIX, and will enter on the first 0.5 Fibonacci pullback from whatever the top price is. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:WEMIXUSD
by InvestingScope
WEMIXUSD This is how it reaches $5.000WEMIXUSD has been on an incredible 1 week rally and is near hitting Resistance B. The previous High of Wemix's +168.38% rally stopped after filling the gap on Resistance A and pulled back to Fibonacci 0.618. As the 1day RSI is bull flagging, we expect Resistance B to be fully tested on another approximate +168% rise. Until the pattern breaks, we will be buying the pull backs to Fibonacc 0.618, with the next such pull back expected to happen on a massive 1day Golden Cross. Another two such sets target $5.000, a little over Resistance D. It may be no coincidence that recurring +168% rises fill all Resistance levels (prior Lower Highs) almost perfectly. Follow us, like the idea and leave a comment below!!
CRYPTO:WEMIXUSDLong
by TheCryptagon
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