Although a positive divergence is given, let it give you a lower entry point that is safer. After pullback and formation of HL, it can be said to move to test resistance
Do not forget to like and follow to see more analysis
The black trend is quite strong to prevent falling and the method can be calculated, in addition to MA50 support and the blue line are among the good supports that are the opportunity to buy in these two steps. The resistance is a red line and it cannot start a strong climb until it is broken
The 20Apr timeline can be the start of the climb
Do not forget to...
WINGBTC (Wing Token) is now showing the bullish Adam & Eve bottom pattern.
We normally see this pattern before prices start to increase.
Together with this pattern we also have other bullish signals coming from this chart:
1) Yesterday we had above-average volume plus a break and close above EMA50.
2) The MACD is now above zero while trending higher.
I expect wing to bounce from one of the two yellow lines. Then go up to ~$ 108, where it is likely to have a short correction and then go up to its all time high of $300 with out big corrections.
Target 1: $ 108
Target 2: $ 300
Let me know what you think of this idea.
DISCLAIMER: I am not a financial advisor, this is just an idea which is based on how other...
WING - Small max supply with huge potential in growth.
Market Cap: $61mil
Max coin supply: 2.57mil
All time high: $96.88 (coingecko)
- Second bullish candle
- Increased volume
- Price holding above HH