Hi Guys!
Today we want to share with you our recently discovered project.
This time we made technical analysis only.
First thing which brought our attention was rising volume on Binance.
During last 24 hours it was over 1300 BTC. Nice!
So looking at the chart we can see, we are very low according to Fibonacci scale.
This is actually the lowest level since 15 months and now we can see signs of movements.
On Weis Waves indicator we can see rising green waves and decreasing red waves. It means that supply evaporates slowly and demand is growing. This means one thing - greater pressure on the price which should result in the price growth.
MACD chart – this is very strong positive divergence. Although price was constantly decreasing over last months, MACD’s bottoms were each time higher. Such reading of the divergence index predicts future trend reversal. This may happen now.
On the second chart we marked Ichimoku Cloud. As you can see we crossed TenkanSen but we need couple of bars more in order to be sure we did for good and we are significantly above Tenksen (red line). Moreover some time ago TenkanSen crossed KijunSen which is another bullish signal.
So Traders! Keep an eye on this project. We know that generally market is unstable and we have to be aware of that. But this time we can earn some money as we touched the bottom of the price.
What do you guys think? Have you already bought it? Or You just observe?
Thank you for being here.
Do not hesitate to comment and like.
Click follow if you like our job! :)
HUGE Hugs!
WBM Team
Today we want to share with you our recently discovered project.
This time we made technical analysis only.
First thing which brought our attention was rising volume on Binance.
During last 24 hours it was over 1300 BTC. Nice!
So looking at the chart we can see, we are very low according to Fibonacci scale.
This is actually the lowest level since 15 months and now we can see signs of movements.
On Weis Waves indicator we can see rising green waves and decreasing red waves. It means that supply evaporates slowly and demand is growing. This means one thing - greater pressure on the price which should result in the price growth.
MACD chart – this is very strong positive divergence. Although price was constantly decreasing over last months, MACD’s bottoms were each time higher. Such reading of the divergence index predicts future trend reversal. This may happen now.
On the second chart we marked Ichimoku Cloud. As you can see we crossed TenkanSen but we need couple of bars more in order to be sure we did for good and we are significantly above Tenksen (red line). Moreover some time ago TenkanSen crossed KijunSen which is another bullish signal.
So Traders! Keep an eye on this project. We know that generally market is unstable and we have to be aware of that. But this time we can earn some money as we touched the bottom of the price.
What do you guys think? Have you already bought it? Or You just observe?
Thank you for being here.
Do not hesitate to comment and like.
Click follow if you like our job! :)
HUGE Hugs!
WBM Team
Comment:
Ichimoku Cloud
