WELL
is in a good position to become a frontrunner. The last few weeks have seen resistance taken out. this sets us up for the next two. The next one is at $0.0635 and then there is only one more, the wick top at $0.346. That would be the end of the cup, only the handle is missing as consolidation. After that, the 4.618 fibs should be approached at $1.59 in the ideal scenario. The target zone must start at $0.56. This means that profit-taking makes sense from then on!
Comment:
If you look at the Moonwell HTX:WELLUSDT chart today, you get wet dreams. After a decent rally, it is in the correction phase and has made good use of the Golden Pocket to rest and gather strength. that could now be over. The first fat finger impulse has already occurred. The next few weeks should be bullish with targets at 0.34-0.45$. Then the cup will be complete and we will move on to the handle.
