Possible Storm Before Sunshine
Updated
Idea 1:
Lately, Win has had no Pumps while most other Alts have. The price relatively the same since BTC at 54k. Now BTC at 58k+ (as mentioned no real change to Win).
Win has resistance at 0.00140 bringing the price back to the 0.00135 area - prior there was resistance at 0.00150 bringing the price down also.
BTC predicted to go back to the 50k area after reaching new potential ATH or around the 60k area (whichever happens first).
If and When BTC goes down WIN will go down (Most Alts will).
A Descending Triangle and Uptrend Wedge have formed -->> Both are indicative of a Bearish reversal, so any uptrend so far can say it short term or candle bursts.
If price reverse can see it go to 0.00100 regions before a bounce-back up -->> Watch out for the 0.00128 to 0.00131 regions
Since WIN is attractive to buyers, we can expect a Bounce back up to the 0.00150 to 0.00160+ region if a downturn break occurs.
Idea 2
Win continuation straight to the 0.00150 or 0.00160 regions in the short term with a possible pump to 0.0018 regions before a pull back once BTC comes back down to the 0.0012 regions before uptrend continues to the 0.0033 regions
Timeline:
First to the Second week of May once the future contracts for BTC start their way to expiry again. Or once BTC has reached 60k area or near its new ATH if indeed it does manage to break the 65k area again.
Win according to Fibonacci can reach around 0.01 regions this year, but most likely to be around the 0.004 to 0.005 regions.
Just an observation not financial advice, for educational brainstorming only.
Lately, Win has had no Pumps while most other Alts have. The price relatively the same since BTC at 54k. Now BTC at 58k+ (as mentioned no real change to Win).
Win has resistance at 0.00140 bringing the price back to the 0.00135 area - prior there was resistance at 0.00150 bringing the price down also.
BTC predicted to go back to the 50k area after reaching new potential ATH or around the 60k area (whichever happens first).
If and When BTC goes down WIN will go down (Most Alts will).
A Descending Triangle and Uptrend Wedge have formed -->> Both are indicative of a Bearish reversal, so any uptrend so far can say it short term or candle bursts.
If price reverse can see it go to 0.00100 regions before a bounce-back up -->> Watch out for the 0.00128 to 0.00131 regions
Since WIN is attractive to buyers, we can expect a Bounce back up to the 0.00150 to 0.00160+ region if a downturn break occurs.
Idea 2
Win continuation straight to the 0.00150 or 0.00160 regions in the short term with a possible pump to 0.0018 regions before a pull back once BTC comes back down to the 0.0012 regions before uptrend continues to the 0.0033 regions
Timeline:
First to the Second week of May once the future contracts for BTC start their way to expiry again. Or once BTC has reached 60k area or near its new ATH if indeed it does manage to break the 65k area again.
Win according to Fibonacci can reach around 0.01 regions this year, but most likely to be around the 0.004 to 0.005 regions.
Just an observation not financial advice, for educational brainstorming only.
Note
BE cautious everyone EMAs at 4 hours Chart about the cross...hopefully, there is a bounce back, if they cross they may cross on the 1-day chart, in which case Idea 1 would be in play.Note
Caution is advised as BTC and ETH May correct bringing prices down for WinNote
It seems this idea has been proven as we are now heading towards LEVEL 4Note
Still fighting to get back up, not easy with BitcoinNote
PUMPNote
This chart is in play
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.