Wont expect another major sell off anytime soon,.. 1h MACD (my leading indicator) is turning into the green zone.
short term outlook $5.10 to $5.25
Long term outlook $10 to $13
Reasonable price for this asset is between $17 and $23
I believe most selling is done, after Wish had its first price discovery and found its top.
Indicators on lower tf show divergence and im expecting prices to go higher before and during earnings (March 8)
Bull div on the MACD gives an indication we might see some upside potential in the coming days ahead. Trend has remained bullish. No reason to expect further downside.
As we have pulled back from the high. We found some support on the .618 of our previous swing high, this plus bullish Divergence on the MACD makes this a beautiful Sunday trade.. happy hunting.
Uni did a healthy retrace to the .618 from our previous high,. The trend remains overall bullish, and we have some bullish divs on the 4h MACD. Took an entry in de green box with targets at or around $3.84
Trading in crypto is a highly risky endeavour..
