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WABIBTC Cup&Handle formation

Long
Skyrex Updated   
BINANCE:WABIBTC   None
Trend Analysis Harmonic Patterns Technical Indicators wabi WABIBTC signal buysignal wabiforecast
5
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trendanalysis harmonicpatterns indicator wabi wabibtc signal buysignal wabiforecast
Volume is rising, however the price is in overbought state. On the 12-hour chart there is a cup and handle formation which indicate short term decrease to our buying zone and then rise to our targets.
EMA, SMA (10,20), bull bear power and MACD confirms this forecast. Fundamentals are also favorable
Trade active:
Has reached our first target today

Profit: 10%
Duration: 1 day
Comment:
Still accumulates the power via handle formation to start upward movement. Once the price touches ichimoku cloud WABI will start new wave of growth to our targets

Currently 1st target is reached.
Trade active:
The expected impulse break through happened yesterday at 19:00. The price reached 0.0000789 while the second target was 0.0000750

Profit: 31.6%
Duration: 4 days
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