WEMIXUSDT Broke a January trend-line. Major rally ahead.

The Wemix Token (WEMIXUSDT) is up +250% since its May 12 Low. This incredible rise has seen the price break not only above the two major Lower Highs trend-lines (of the Nov 21 and Dec 22 2021 Highs) but also above the 1D MA50 (blue trend-line) and yesterday the 1D MA100 (green trend-line). The latter, was the first break above this trend-line since January 11 2022.

That alone could be enough to justify the trend shift from long-term bearish to long-term bullish. What adds more weight to it, is the 1D LMACD indicator which reached a level we saw last time on October 22 2021, right when the major 1 month rally was starting.

Naturally, the immediate target is the 1D MA200 (orange trend-line) around 6.500. Don't be surprised if the price pulls back to gain more buyers and test the 1D MA50 as a Support, if the 1D MA100 breaks. On the longer-term, see how well the Fibonacci retracement levels match Resistance and Support levels during the downtrend. Technically those are the gaps to be filled after the 1D MA200 breaks.



--------------------------------------------------------------------------------------------------------

Please like, subscribe and share your ideas and charts with the community!

--------------------------------------------------------------------------------------------------------