InvestorsObserver gives WAX an average long-term technical score of 56 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
WAXP at this time has a superior long-term technical analysis score than 56% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.
Trading Analysis
WAXP is currently -$0.1000000 (-19.99%) below its 100-day moving average price of $0.490000000 with its current price of $0.390000000. Meanwhile, WAX is $0.3600000 (-31186.15%) above its 52-week low price of $0.030000000 and -$0.59000000 (-979.26%) below its 52-week high of $0.980000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 56. Trends for the long-term trading history of WAX suggest that traders are currently neutral on the coin.
WAX has a total market value of $741,359,909.81 with an average average daily volume of $299,079,466.73 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, WAXP’s volume is below its average with $46,716,787.66 exchanged in total.
Summary
WAXP’s historical trading over the past year gives it a an average long-term technical score of 56 as its price movement in that time has given investors reason to be neutral on the coin in the long-term.
