The past weeks we have been in bearish market where everything keeps moving slow, hopefully the coming weeks we will see green market again and big profits. This time I picked Wabi, which I believe it has a lot room to grow during this year, such an amazing team, working product and small market cap. Here a link of more info
Technical Analysis
Yellow line: This can be resistance or support it depends where is the actual price when you are looking at the chart. Below actual price is support and above is resistance.
White lines: This can be bullish if the direction is upwards or bearish when the line is declining.
Pink box: This is the accumulation range that price has moving around
Fibonacci tool that has support and resistance lines where the price retraces back and can be use to set you entry or exit point.
Actual price= 0.00024097
Support= 0.00023747
Resistance= 0.00029903
Buy range between= 23747 -26359
Shortterm profits 10-20%
Midterm profits 40-70% or more
Ideal entry is buying around first support or some Satoshis below, and if this coin breaks support, buy around next support line. Usually when it touches strong support there will be a bounce back. Market is unstable, dont forget to set up stop loss around -5% to -15% or even more it depends of your risk tolerance.
Set targets using Fibonacci tools and remember not to be greedy. Goal is accumulate profits, small profits can make a fortune.
Bullish trend needs to be confirm, so watch closely and pay attention to volume before taking your position. This trade can take time to develop, unfortunately I couldn't find any event at the calendar that can help the price to rise.
"Great things come to the ones that wait and hold strong when you believe this can contribute to make better society"
BE AWARE OF THE MARKET VOLATILITY & ALWAYS CAUTIOUS WITH BTC!
DYOR and trade at your own risk!
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