BINANCE:WABIUSD   TAEL / US Dollar (calculated by TradingView)
I see a double top on WABI. Price has been in an uptrend for about 3 months. I think it’s time for a retrace back to the support trend line in black. I’ve seen some bullish analyses on WABI and there’s a possibility that the double top might be invalidated, but my analysis leads me to believe that there is a retrace ahead of us. Price reached over 8.5 cents and we did have a retrace back to about 4.7 cents which was a big drop but price managed to touch 8.5 cents again, but was not able to close above that price. That’s why I’m leaning towards a double top . If price indeed pulls back to the black support line it would be a great buy. I can just say that uncertainties are high and it might not happen. I also think btc and the rest of the crypto will see another drop before the formation of a reversal to an uptrend.
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