Overall WABI is still downtrend, but it tries to close 4H candle above MA50 and breaks linear regression. Here's my view about WABI:
Buy on Reversal: 4122-4265,
Buy on Demand: 3979-3803,
Target: 4933-5057, 5680-5939, 6440-6687 (Pump)
The great thing about trading altcoins within the cryptocurrency market is being able to take advantage of the fact that the whole market is interconnected.
After the November 2018 drop, we saw huge opportunities developing all throughout the entire market. We literally shared hundreds of trades here on Trading View were over 90% of them produce massive positive...
according to my analysis wabibtc will go up from this level because it is at strong support , retest of symmetrical triangle , support of 40 ma . now just wait for a bullish reversal candle and take a buy trade till recent swing high in weekly chart .
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Followup to my WABI analysis warning of ''the top''.
Quick plot to map a couple of possbile support zones.
Either bounce or reaction at these zones will be telling.
Previous WABI plot near the top
See my other ALT coin Ideas below.
Strategy: Cup & Handle forming on the weekly chart. Volatility reaching historical support which is in line with a C&H pattern and further indicates continuation. ADX showing a strong uptrend with squeezing DI's. Stop loss set to next line of support. This trade could take up to 1 month.
Buy Around - 4534 - 4821
T1 - 5787 (24%)
T2 - 6884 (47%)
$WABI Hodling above 6400sats support after some tests...
Potential H&S pattern in formation on the 6H chart
RSI slowly rising into bullish levels
MACD Starting to rise...
Volume looks low for now but could catch up in the following hours/days
Falling below support as SL
$WABI showing some signs of life after the bloody wednesday...
Crossed over lost support/ resistance at ~6400sats
MACD starting to turn(bull div) while RSI is entering over 50 levels..
hard to tell if this will progress further or just fake bounce...
The price action is likely to start the formation of final leg of gartley.
I have defined the potential reversal zone accordingly from here the price line will hit the sell targets insha Allah.
The targets are:
Buy between: 0.00005231 to 0.00003762
Sell between: 0.00006393 to 0.00009175
Atif Akbar (moon333)
Wabi broke resistance area. Sadly didnt enter on retest of blue Demand area.
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR (Do-Your-Own-Research)
This information / article is only for educational purporses and not a recommendation to buy or...