Wings has been setting higher highs and higher lows for the last 3 months. I am looking for this price area to hold as support and consider entering a very nice 1:12 risk-reward ratio trade.
There is a lot of confluence with how the altcoin market has been behaving since mid July.
The whole altcoin market has a picture like that...
It is possible to enumerate such altcoins for a very long time, just search for coins with 1. low capitalization 2. live tweeter and team 3. long accumulation 4. reversal signs of TA, good luck !
Wings has reached an absolute bottom and it's starting to show movements. Expect fast further movements up in the next period.
The team has just announced they are working on a new block chain that will be Cosmos/Tendermint compatible. At the moment the Wings Foundation is well founded to continue research and deliver solutions for the block chain ecosystem.
The WINGSBTC is entered in buying zone of harmonic pattern in 4hr chart.
Insha Allah it will take a bullish bounce from 200MA.
I have defined the targets on chart plz see.
Atif Akbar (moon333)
WINGS (WINGSBTC) Had a strong wave up two weeks ago. We surely caught this wave and enjoyed massive profits.
After a move up, follows a move down. So a retrace comes after the impulse.
On the chart above you can see that WINGSBTC already hit the 0.786 Fib. retracement support and is now trading above several EMA lines.
MA200 (Black) worked as main support and...
Fib levels on the chart can be considered as TPs.
WINGS had been in accumulation zone for a while and now is starting to move.
WINGS is stable project and already has working product;
It has low supply around 94mil coins;
It reached bottom around 1800-2000 sats;
Currently it's above daily and weekly MA which is a bullish sign;
Trade carefully and do your own...
The price action is entered in PRZ and also hit the 200MA which is the firm support and it will be bullish from here insha Allah.
I have set the targets accordingly plz find on chart.
Atif Akbar (moon333)
All fibo is on the places
Triangle is broken with good bullish impulse pushing up from 61.8
Macd confirms bulls intentions
Huge volume went into the coin recently
Obviously in the coming days, we will begin to observe the 3rd Elliot wave moving up to the Near targets :