Based on price/technicals analysis, WABI/USD seems to mostly track with XBT/USD prices, but WABI is much more volatile (higher beta?). Instead of buying BTC with leverage, one can go in and out of WABI. The USD price is just a conversion based on BTC price in USD and the WABI/BTC price.
1. WABI/USD clearly in an uptrend or in consolidation...
WABI looks like it might have a breakout. The price bounced of resistance and found support on the 21 ema. Expecting a breakout.
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1. WABI made 200% from the bottom ( good buyers interest)
2. A great accumulation in the middle of pump ,what means that buyers hold the lvl
3. Breakout of accumulation resistance with massive volume
4. Retest of accumulation and perfect buyout with one big candle on good volume
We have 4 bullish signs , and 1 bearish this is down trend in a whole...
WABI is approaching an intersection between a long term downtrend and a local uptrend
IF we break above the down trend line there is a good Long position to take with stops sitting below the uptrend line
- exits / proift taking levels are at the upper line of the channel we are in
From our post yesterday which is still valid even though during the night my alarm went off, signaling I needed to get my butt out of bed. Took a look at the market, thought "yep we are going down", woke up to go buy and we were back to where we were when I went to sleep. But the analysis is still valid.
The entire market as a whole has rallied with Wabi...
**UPDATE** I apologize for the way the chart looks. I forgot to clean it up and TV doesn't allow changes.**
What's up traders!
Here are my thoughts on WABI and why I am very bullish on this alt coin.
Most of my analysis is based on FA. TA was used to find an entry point.
#1.) Low market cap. We are at 48mil and WABI has seen a high of 172mil in the past...
From Yesterdays Posted Trade Setup
Walimai uses RFID technology which enables a user to scan a product with the Walimai app and provides instant verification to the consumer whether a product is an original or counterfeit. In addition Walimai’s coin, Wabi, may be available for Proof of Stake Mining allowing those that are coin holders to stake their coins,...
Wabi has reached historic lows for binance. Notice that each time Wabi has reached this dollar valuation we have seen a significant bounce.
Both Stoch RSI and RSI are also very low. This could be overdue for a move up, but as always don't buy in until you see the volume. Hope this helps as its been rough sea's lately and I would say the vast majority of us are...
WaBi Token has reached an all-time high against the dollar, hitting $5.9 price tag. But then the trend has suddenly changed from up to a downtrend. WABI/USD has already lost 78% since it reached its' peak and continues to decline.
WaBi broke below the 76.4% and then 88.6% Fibonacci support levels suggesting the validity of a bearish trend. After a correction up,...