Winkanalysis
WINK 1D If you don't want a deposit drawdown of -80% read belowIt seems that crypto players have decided to pump most of the coins that are related to the TRONblockchain TRX TRC-20
For your attention, WINK which for 1.5 years, was not interesting to anyone and is not needed, and from the beginning of 2021 it began to grow steadily.
But the most interesting are the last 2 weeks, during which WINKUSDT is actively pamping, the growth at the moment is +785%. It got to the point that the last two green daily candles show a +100% gain per day, and the daily trading volume of $2.5 billion+ at the moment was the largest on Binance among all trading pairs.
This idea is written in order to warn: "Everything that takes off high and without correction can very painful fall."
We do not know if there is any solid foundation for such a sharp pump, but the graph shows two facts:
1. The first liquid zone , where there was at least some consolidation, is 72% below the current price .
2. A really solid and liquid level that will pull the price towards itself is minus 87% of the current price.
Take these facts into account when making your trading decisions.
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WIN/USDT - Bearish Breakout completedHello traders and community, today we will tell ourselves shortly about the situation of WIN/USDT
Trend analysis
- As you can see from the WIN/USDT daily chart, the price of Wink made bearish breakout and dropped lower than global trend, that's why we can expect bearish trend in the following days. As a trader I recommend to wait for correct signal when you put short trade position and follow my possible scenario with price drop approximately to 0.00019039 price level. Today's resistance level is near 0.00023872, support level on 0.00019039 and global trend is changing from bullish to bearish. More information will be provided later on my page.
Chart pattern
- Bearish breakout (approved)
Technical indicators
- RSI: market is still in boarders and is located near 50 level (not overheated, Neutral signal)
- MACD: MAs are prepared for downward movement + they started moving away from each other and overall trend is going down (Bearish signal)
- BB: Volatility of the market started stabilizing after volatile movement accomplished (Neutral signal)
- MA (10,20): MA10 is above the level of MA20 and moving upward (Bull signal)
= Overall neutral signal movement
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P.S.: Information provided is only educational and should not be used to take action in the market.