WINBNB 4H Long - Retesting lower trendline
Trying out new indicators on the game-industry focused Wink Token vs the popular Binance Coin. As of october 16th 2020 this token seems to have shifted to a clear uptrend, which hasn't been broken yet.
Bollinger bands
Right now the price is grinding the lower bollinger band which could mean a buy indicator.
Stoch RSI
The RSI shows an aggressive oversold signal which means price is likely to go up afterwards.
Fibonacci
The four levels shown are the clear support and resistance levels confirmed by the Fibonacci levels. To calculated some risk I expect the price to move slightly lower to ar least Fib 0.382.
Conclusion
For now my expectations on the Wink Token are to remain bullish in the long-term, on the short-term we can expect a slight drop.
Bollinger bands
Right now the price is grinding the lower bollinger band which could mean a buy indicator.
Stoch RSI
The RSI shows an aggressive oversold signal which means price is likely to go up afterwards.
Fibonacci
The four levels shown are the clear support and resistance levels confirmed by the Fibonacci levels. To calculated some risk I expect the price to move slightly lower to ar least Fib 0.382.
Conclusion
For now my expectations on the Wink Token are to remain bullish in the long-term, on the short-term we can expect a slight drop.
Comment:
I've set up four sell orders on Binance each on a different price range. TradingView will give me an alert when price hits 0.00000385 and all my orders will have been fulfilled. My sell orders are at prices:
1. 0.00000326
2. 0.00000349
3. 0.00000363
4. 0.00000385
1. 0.00000326
2. 0.00000349
3. 0.00000363
4. 0.00000385
The price of the Wink Token shows that it's actually lower than what it's worth, indicated by the VWAP, shown as the yellow line.
Ichimoku Cloud 4H Time frame
The Ichimoku Cloud shows us that price should be moving upwards in the long-term from the 4H time frame, any time frame lower shows a short-term decrease of the price.