WILL WABI FINALLY BREAK OUT!?
WABI or TAEL has been consolidating around this ATL for a while now and it's starting to show signs of strength here!
- We're seeing an increase in volume.
- On the daily chart, WABI is testing the 200EMA which, when broken, will indicate the beginning of an uptrend.
- We can see a reversal pattern forming on the weekly (falling wedge) and WABI is testing the upper trendline.
The question remains, will this pattern break up? Or will WABI once again drop lower?
In case of a break up, the possible targets will be upwards of 10.000 sats.
In case of a break down, I will still keep an eye on WABI and updates will follow.
- We're seeing an increase in volume.
- On the daily chart, WABI is testing the 200EMA which, when broken, will indicate the beginning of an uptrend.
- We can see a reversal pattern forming on the weekly (falling wedge) and WABI is testing the upper trendline.
The question remains, will this pattern break up? Or will WABI once again drop lower?
In case of a break up, the possible targets will be upwards of 10.000 sats.
In case of a break down, I will still keep an eye on WABI and updates will follow.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.