It seems that WinkLink (Win) is protected by some kind of positive force as the 4 hours EMAs were crossing downwards for a disaster last night, it suddenly had a spell of positive boost towards the upwards as TRX was boosted by BTC affecting Win as a result. Seems the Dump idea was invalided that can be seen here (tradingview(dot)com/chart/WINUSDT/lfkojFcE-Possible-Storm-Before-Sunshine)
If the current price remains above the 4 hours EMAs and there is no fall, then it seems we are in an Ascending Triangle and no longer an upward Wedge (which is usually a sign of a bearish reversal). Of course, if the theory is broken we will go back to perhaps levels as low as 0.001 or even 0.009 area - all will be told I think around the next few days and or next week. Also once BTC has a downturn as Contracts Expiry Near, Win will be affected again also.
Just idea not advice - trade safely!
If the current price remains above the 4 hours EMAs and there is no fall, then it seems we are in an Ascending Triangle and no longer an upward Wedge (which is usually a sign of a bearish reversal). Of course, if the theory is broken we will go back to perhaps levels as low as 0.001 or even 0.009 area - all will be told I think around the next few days and or next week. Also once BTC has a downturn as Contracts Expiry Near, Win will be affected again also.
Just idea not advice - trade safely!
Note
There are some videos on youtube claiming we will reach 0.004 this month. While I like the idea of hope, I feel its wishful thinking. Even though anything can happen in Crypto especially with such a volatile coin as WinkLink, I think we'll be lucky to past the 0.002, to be honest. It seems it make take several months before we see a massive pump in this coin. Good opportunity for small trades for those who perhaps invested in the 0.0029 to recoup losses over 30 to 50 smaller trades.Note
We are about to descend and break the triangle as the 4Hour EMAs are getting a second breach wave...if breached expect a downside to the previous resistance level possibly below the 0.00129 zone to 0.00127 - I have my stop loss to 0.00119 just in case.Note
Caution as we are either preparing for a slingshot upwards as per the chart, but sooner anticipated, or we are heading as per idea 1 in the previous chart to the bottom at 0.00098 area.Note
Comment: It seems the idea on the previous chart has been proven as we go to the lower levels before a recovery.Note
Still fighting to get back up, not easy with bitcoin which may go to 50k or underNote
PUMP!
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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.