“Currently, the price is testing the lower line of the flag and the chances for a breakout are quite big. Price closing a day below the lower orange line will be a signal to go short on WAX. „
Back in that day, the price was on the 0.13 USD, currently, we are on the 0.7 USD so almost 50% lower. Indeed a good analysis. What are the perspectives for this coin now? Negative. The price broke the horizontal support on the 0.8 USD (yellow) and later used that as a resistance. The pull-back was closed entirely inside of the flag formation (blue lines), which is promoting a further drop.