Wabi: Very Undervalued Counterfeiting Coin

374 0
Hello Traders,

I have been focusing on looking at big caps in last few weeks, and I think small caps (<150 million) deserve some attentions as well.
Wabi is a very interesting coin, which is used to protect products against counterfeiting both physically and digitally.

Looking at the 4 hour chart, we see that Wabi completed inverse head and shouldesr pattern, and is looking for trend reversal.
My initial target is around 11000-12000 Satoshi (blue box). WABI has failed to surpass EMA200 since Feb 7th, and I think this would be great opportunity for WABI to contest this resistance.
If it manages to surpass EMA200, then my next target will be 14000 Satoshi.

Let me know if you are interested in any small caps you want me to analyze!

Happy trading!
Trade closed: target reached
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