Short
WABI bearish divergence
WABI brokeout of the downtrend channel few days before and had a good run upwards.It has now formed a cup.We can see bearish divergence in 4hr timeframe.So I'm expecting it to retrace slightly which would form the handle of the cup.
RSI is moving downwards.
Targets/Support
0.000121
0.000116
0.000111
RSI is moving downwards.
Targets/Support
0.000121
0.000116
0.000111
Trade closed manually
Crossed and closed above the resistance.
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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.