Hello traders and community, today I will tell you shortly about situation of WIN/USDT
Trend analysis
- As you can see from the WIN/USDT daily chart, the price of WINK finished bullish breakout pattern and started correction after it, therefore we need to be prepared for bullish movement (cause range trend ended). Possible scenario you can see on the chart, I recommend to make tade positions only up to 0.00026 price level and leave the market for more trustworthy signals. Global trend of this pair stays bullish in long term, currenct resistance level is on 0.00026198 price level and support zone on 0.00019388 price level. Wink has great potential for long term investors and traders, cause of positive news and potential of this cryptocurrency as a whole.
Chart pattern
- Range pattern (accomplished)
- Bullish breakout (finished)
Technical indicators
- RSI: market is still in boarders and is located near 60 level (not overheated, Bull signal)
- MACD: MAs are prepared for upward movement + they get closer to each other (Bull signal)
- BB: Volatility of the market started stabilizing after volatile movement accomplished (Neutral signal)
- MA (10,20): MA10 is going upward to the level of MA20 (Bull signal)
= Overall bull signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions in trading :)
P.S.: Information provided is only educational and should not be used to take action in the market.
Trend analysis
- As you can see from the WIN/USDT daily chart, the price of WINK finished bullish breakout pattern and started correction after it, therefore we need to be prepared for bullish movement (cause range trend ended). Possible scenario you can see on the chart, I recommend to make tade positions only up to 0.00026 price level and leave the market for more trustworthy signals. Global trend of this pair stays bullish in long term, currenct resistance level is on 0.00026198 price level and support zone on 0.00019388 price level. Wink has great potential for long term investors and traders, cause of positive news and potential of this cryptocurrency as a whole.
Chart pattern
- Range pattern (accomplished)
- Bullish breakout (finished)
Technical indicators
- RSI: market is still in boarders and is located near 60 level (not overheated, Bull signal)
- MACD: MAs are prepared for upward movement + they get closer to each other (Bull signal)
- BB: Volatility of the market started stabilizing after volatile movement accomplished (Neutral signal)
- MA (10,20): MA10 is going upward to the level of MA20 (Bull signal)
= Overall bull signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions in trading :)
P.S.: Information provided is only educational and should not be used to take action in the market.