TAEL (WABIBTC) Preparing To Move Strong!TAEL (WABIBTC) hit a low back in August 2018, creating higher lows ever since.
It had a nice run which generated almost 200% gains, from bottom to top, but it hasn't had much action after... Now, the charts are starting to look like a strong breakout is coming.
Go and ahead and hit LIKE, and let's get to read this chart.
TAEL (WABITBTC) Chart Analysis
On the far left we can see that WABIBTC hit a low point on the 14th August '18, creating higher lows ever since.
Each time WABIBTC moved up, it found resistance and went back down. After several months of consolidation, WABIBTC is now trading above all major moving averages, that is EMA100, EMA300, and MA200. The only challenge left is EMA200, if this level can be broken, WABIBTC can have a strong rally like we are seeing some altcoins do.
We have a full green candle today and increasing green volume.
The RSI is fully controlled by the bulls now; bullish.
WABIBTC Can easily double in value if it gains enough momentum.
Conditions for change: If WABIBTC moves down and closes below 0.00003260, the above signals are invalidated.
Thanks a lot for reading.
Namaste.
