Wabi broke out of the downtrend in october 2021 and it's now re-testing an important level which i want to see hold.
It looks like it's holding for now.
If you notice the RSI is always printing double top before giving us a rally. This time we had another double top with a consequential crash in price. This shouldn't scare you because wabi is going out of a yearly downtrend recently and it will soon continue higher.
You can also spot a "megaphone pattern" on the chart, the price will bounce many times until it will reach the higher resistance line. If this pattern is real so we could see a 6$ wabi in aprile/may!
@Se7enSkies yeah and i also like the succesful re-test of the downtrend resistance, it should be support now!
Se7enSkies
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@CryptoSoaP the only problem with my trend line is that it’s predicting the price to reach $100-$140 if the top of the bull market occurs in December 22-January 23