Will WABI reverse the direction of the price?
Hi everyone, let's take a look at the WABI / BTC chart on the 1D interval.
Let's look at the blue line that marks the downtrend as you can see the price is moving underneath it.
Let's start with determining the support, which in this case is at the level of 0.00000301btc, if the price does not stay with this support, we have another at the price of 0.00000250btc.
Looking the other way, it is worth setting the resistance that the price must overcome in the first place, the first of them is at the price of 0.00000319btc, while the next ones are at the price of 0.00000333btc, 0.00000343btc, 0.00000353btc.
The CHOP indicator shows that the energy on 1D has already been partially used.
It is worth watching the MACD indicator carefully whether the blue line will cross the red line from the bottom, it could be a signal for a change in the price direction.
Let's look at the blue line that marks the downtrend as you can see the price is moving underneath it.
Let's start with determining the support, which in this case is at the level of 0.00000301btc, if the price does not stay with this support, we have another at the price of 0.00000250btc.
Looking the other way, it is worth setting the resistance that the price must overcome in the first place, the first of them is at the price of 0.00000319btc, while the next ones are at the price of 0.00000333btc, 0.00000343btc, 0.00000353btc.
The CHOP indicator shows that the energy on 1D has already been partially used.
It is worth watching the MACD indicator carefully whether the blue line will cross the red line from the bottom, it could be a signal for a change in the price direction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.