Wings Fly Time?
Updated
On the 17th of December, Wings DAO broke above the downtrend trendline, while prior to that bounced off the uptrend trendline. After the breakout price corrected back and rejected the downtrend trendline, which this time is acting as a support
This is the first indication that price could be ready to go higher, and perhaps this is just a beginning of a huge growth. The nearest upside target is seen at $2.3 where two Fibonacci are inline. First is a 327.2% retracement level of the Fibs applied to the corrective wave after the downtrend trendline breakout. The second is the 241.4% level of the Fibs applied to the corrective that started in June. Keep in mind that only a break and close below the $0.4 support could invalidate bullish outlook.
This is the first indication that price could be ready to go higher, and perhaps this is just a beginning of a huge growth. The nearest upside target is seen at $2.3 where two Fibonacci are inline. First is a 327.2% retracement level of the Fibs applied to the corrective wave after the downtrend trendline breakout. The second is the 241.4% level of the Fibs applied to the corrective that started in June. Keep in mind that only a break and close below the $0.4 support could invalidate bullish outlook.
Note
This one could just blow upNote
Attempting to break above the $1.08 resistance...Note
Wings breaking higherNote
get ready it could start anytime nowNote
Isn't it a perfect time to buy?Trade closed: target reached
Target reached, but it will most likely go much higher, watch the target level to act as a support
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