Buy Range : 0.00002600
Stop loss : 4h Closed below 0.00002574 sats ( Short-term ) , Not Recommend for Long-Term Investors
Target 1 : 0.00003439
Target 2 : 0.00004991
Target 3 : 0.00007479
Wings has been falling down after reach all time highs last year. After had a corrective movement in January but it has been continue going down until a month ago where it set up a new low.
On the 4h, you can a draw an easy which indicate us clearly where it can be considered a failed pattern if break down ( Our short-term SL ). On the positive way , this break could make us reach our target 1 easy.
Moving averages are supporting pattern, suggesting bottom of the red momment and ready to make another push up.
On the daily , canddlestick was spotted on 12 September which usually means the final bottom of a downtrend.
Since then , Wings has been sharing a clearly reversal performance suggesting this positive moment could be extended.
Some indicators in there suggest this coin need a healthy correction but positive moment could be extended after long bloodbath and positive reaction on other cryptomarkets
On the weekly, , and confirming moment and we could have more upside before some corrective movement.
If you are looking for long-term investiment, this coin is pretty undervalued. Even if short-term pattern fails . This coin could retest support again before fly again. Only any delist or negative news could means a sell.
Good luck !