WINGUSDT LONG TRADE 20201209Signals: Blue -> Green
Context: Green
Symbol: WING, WINGUSD, WINGUSDT
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WINGUSDT
WINGBTC_DailyPrice: 0.0006 BTC
ENTRY LVL: 0.00058-0.00061 BTC
TP_LVL I: 0.00073 BTC
TP_LVL II: 0.00089 BTC
TP_LVL II: 0.0011 BTC
SL: 0.000472 BTC
Expected Return: 43 %
Reward/Risk: 2.2
WING Breakout post bullish divergence wingbtc wingusdt wingusdWING Breakout post bullish divergence wingbtc wingusdt wingusd - WING TOKEN 4H CHART
Wing bounced support. Ready for pumpYesterday, the wing price had a great start.
The market is extremely stressful because of today's presidential election. Wing price was also badly affected, but turned from the support of a triangle formation.
If the Wing price breaks the Triangle's blue resistance the target will be around 14.
Wing Has %80 Profit Potential Thanks To Bullish Gartley! In my previous technical analysis, I said that the wing price will no longer fall but rise.
Wing price rose more than 50% from the bottom price. You can see that it has made a gartley pattern after this rise.
If it goes down to the 7.88 level, the gartley pattern will be complete.
Wing may have completed it' bloody fall.Hello everyone.
The price of the Wing has actually dropped very worryingly.
Probably, this sharp price drop; has caused investors to get very angry with the binance exchange.
The hard fall of a binance defi project has reduced investors' confidence in the binance exchange.
We also know that the "Ont Coin" (Ontology) team is behind this project.
The most positive aspect of this project is that the market cap value is low and the number of wing tokens sold daily is low. Perhaps this low selling pressure will cause the price of this coin to jump up in a short time.
According to the whitepaper document on the official website of the Wing Finance project; This year, 0.06 wings per second will be released. In the second year, 0.05 wings will be released per second.
Thanks to this document, we understand that 5184 pieces of wing tokens are released per day and they join the sales pressure.
In fact, this sales pressure is quite low compared to other projects. However, since both the ont team and the binance exchange have never owned this project, they have gone through such a bad process.
I hope the mathematical superiority of this project is reflected in the project price.
Let's see what happens next.
WINGBTC - Positive divergence in depthI will open a long position
If this is stabilized above MA20 1H
WING/BTC (Next Key Support @ 1k sat?)💎Technical Analysis Summary💎
BINANCE: WINGBTC
-After WING broke its key level last October 20
-Its value declined another -22% from previous support
-Since there is no logical strong support at the current price
-The level needs to be watching is at 1000s sat
-This is the exchange's low key price os September 16
-Please don't just try to leave a buy order
-This is a high market especially catching a falling knife
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WINGBTC - An explosion is on the wayAfter another severe descent from DeFi zone which its head and tail do not fit in the chart! I think we have a good chance to see a price explosion from WING.
Look at the signal lines of CSRS how show strong upward momentum.. also ..So far the fibo time lines works very reliably.
Most importantly, there is an excellent Risk/Reward.
Long it now and put SL under support line.
WING/BTC (Bearish Triangle Pattern?)💎Technical Analysis Summary💎
BINANCE: WINGBTC
-WING is forming a bearish descending triangle pattern
-It is still unconfirmed and the Bulls are now showing any sign of strength
-If you are looking to trade this market
-Wait for the breakout direction of the pattern
-Because it is not good to be caught up in the wrong direction
-So please always plan your next trade
A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
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WING/BTC (New Resistance Area)💎Technical Analysis Summary💎
BINANCE: WINGBTC
-During the deep pullback, WING found support at the 1600s sat area
-But immediately faces new resistance at the 2500s sat
-We can see multiple Bearish candles of potential rejections
-If the current price is unstable to hold for the next 24-48 hours
-It will likely to retest previous support
-Please plan your trade and follow your stop loss location
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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cup and handle cup and handle
Buy when price closes above the right cup rim (point A )
The handle low (point C) is a good place to put a stop. Raise the stop as price rises.
Measure the height from the right cup lip (A) to the lowest valley (B) then multiply by the above 'percentage meeting price target.' Add the result to the breakout price (A) to get a target.
WING/BTC (Testing Local Support)BINANCE: WINGBTC
-We can confirm a trendline resistance below 7k sat range
-The price rejected multiple time and moving back to previous support
-WING has local support at 5100 sat area which acted supported last Sep 17
-If we are Bullish, we need to see WING break above this channel
-If you are looking for position entry of a Swing trade idea
-Buying at important key levels is an ideal approach
-And stop loss is placed at a recent low at 4600 sat
-Because of the 4600 sat support failed, it will likely come down lower
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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