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Long

[WINGS/BTC] WINGS COULD FLY HIGHER [ POT 30-180% PROFIT]

#WINGS / BTC ( Binance, Bittrex )

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 ascending triangle 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 candlesticks pattern, CCI suggesting bottom of the red momment and Stoch RSI ready to make another push up.


On the daily , Hammer canddlestick was spotted on 12 September which usually means the final bottom of a downtrend.
Since then , Wings has been sharing a clearly bullish 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, RSI , MACD and CCI confirming bullish 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 !
Trade active: Target 1 reached. 32% profit
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