Updated
Wabi: 15% Scalp Strategy (Cup and Handle)
Hello Traders,
Here is my quick profit idea for you. This will most likely work, but do at your own risk.
Looking at the 4 hour chart for Wabi, I start to see potential cup and handle pattern.
It is evident that there is a very heavy resistance around 11.4-11.5K Satoshi area so I would expect Wabi to bounce this zone and complete handle pattern.
It is good time to enter Wabi as you will get at least 10% profit from this trade.
If you want to maximize the profit, then I would wait a little bit longer. You see, Wabi is approaching to the EMA200 resistance level, and both RSI and Stoch RSI is reaching to overbought.
Therefore, I would expect minor bounce in next few hours or days or so and try to reach 11.4K Satoshi again.
Happy Trading!
Here is my quick profit idea for you. This will most likely work, but do at your own risk.
Looking at the 4 hour chart for Wabi, I start to see potential cup and handle pattern.
It is evident that there is a very heavy resistance around 11.4-11.5K Satoshi area so I would expect Wabi to bounce this zone and complete handle pattern.
It is good time to enter Wabi as you will get at least 10% profit from this trade.
If you want to maximize the profit, then I would wait a little bit longer. You see, Wabi is approaching to the EMA200 resistance level, and both RSI and Stoch RSI is reaching to overbought.
Therefore, I would expect minor bounce in next few hours or days or so and try to reach 11.4K Satoshi again.
Happy Trading!
Trade closed: target reached
Target reached. Buy at the dip for maximum profit!Note
Cup part completes! Next buying opportunity is 12K satoshi and 11.3 K Satoshi. 
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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.
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.