WING
WING/BTC - Will it beat the trendWINGS/BTC has been very interesting since it was launched on Binance. After reaching 3-months high at 16000 it has gone into retracement, currently holding on the Fib38 around 11000. It has been a strong support for over two weeks and it must be possible to reach the 12500 if the bulls keep supporting at this level. We must not forget that WINGS has seen the 40000 and the 20000 not too long ago :)
Recommend:
Buy: +/- 11000 (stop loss 10650)
Sell: +/- 12500 (13%)
If stop loss has been reached:
Buy +/- 9500 (stop loss 9050)
Sell +/- 10700 (14%)
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WING - Reversal from Upward channel line, short at $37.08WING was in our watch list for short, but it never broke down. However with earning it went up & interestingly it hit its upward channel resistance line. We think it will decline form here, and considered a short position from the upper channel line.
* Trade Criteria *
Date First Found- November 6, 2017
Pattern/Why- Reversal from Upward channel line.
Entry Target Criteria- entry at $37.08 (Entry November 6, 2017)
Exit Target Criteria- 1st Target $33.23 & 2nd Target $28.73
Stop Loss Criteria- $39.17
Please check back for Trade updates. (Note: Trade update is little delayed here.)
WING- Breakdown short from $31.87 to $28.87zWING seems broken down from an upward channel & consolidating within a triangle formation. If it breaks down the triangle formation or the support around $32, it can decline down to $28 or lower.
* Trade Criteria *
Date First Found- October 25, 2017
Pattern/Why- Upward channel, Triangle breakdown short.
Entry Target Criteria- Break of $31.87
Exit Target Criteria- $28.87
Stop Loss Criteria- $33.53
Please check back for Trade updates. (Note: Trade update is little delayed here.)