WIN.USDT (Y21.P2.E4).Looking for the next entry
Hi All,
I'm stalking a few coins.
WIN or WINK seems to be making a descending broadening wedge which tend to give good results.
Hence the observations:
a) 0.618 fib level possible support
b) downward pressure still on the daily
c) Daily 50 ema or weekly 10 ema could also be point E (hence double bottom or W formation on the local level).
d) You can see how it can possibly be a inverted H&S.
The approach.
a) trade the breakout from the broadening wedge trend line
b) look for reversal pattern on the lower time frames or a bullish candle or candle combination from one of these levels.
I tend to use the 1 hr 13/50 ema cross over as an item.
However other indicators can also play a role. eg WT or Macd
All the best,
S.SAri
s3.tradingview.com/snapshots/n/NoJDFBPq.png
I'm stalking a few coins.
WIN or WINK seems to be making a descending broadening wedge which tend to give good results.
Hence the observations:
a) 0.618 fib level possible support
b) downward pressure still on the daily
c) Daily 50 ema or weekly 10 ema could also be point E (hence double bottom or W formation on the local level).
d) You can see how it can possibly be a inverted H&S.
The approach.
a) trade the breakout from the broadening wedge trend line
b) look for reversal pattern on the lower time frames or a bullish candle or candle combination from one of these levels.
I tend to use the 1 hr 13/50 ema cross over as an item.
However other indicators can also play a role. eg WT or Macd
All the best,
S.SAri
s3.tradingview.com/snapshots/n/NoJDFBPq.png
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.