Price Prediction WABI/BTC (August 31st)
Predicting price range to be (0.00000460 sat - 0.00000560) on August 31st, 2021.
Judging by the channel it has been trading in for roughly 40 days now, it will be looking to break the 200MA as it will test support in this area. I do not expect it to rise parabolically, there is a good chance we will see a quick reversal back down to test the downtrend break out indicated by the red line. Once consolidation happens along the red line it will have one last move down under the local channel where it will potentially form a bullish reversal.
Judging by the channel it has been trading in for roughly 40 days now, it will be looking to break the 200MA as it will test support in this area. I do not expect it to rise parabolically, there is a good chance we will see a quick reversal back down to test the downtrend break out indicated by the red line. Once consolidation happens along the red line it will have one last move down under the local channel where it will potentially form a bullish reversal.
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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.