WABIBTC Cup&Handle formation
Updated
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
EMA, SMA (10,20), bull bear power and MACD confirms this forecast. Fundamentals are also favorable
Trade active
Has reached our first target todayProfit: 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 targetsCurrently 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 0.0000750Profit: 31.6%
Duration: 4 days
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