WISH: What does it take for it to fly?
Hello traders and investors! Let’s talk about WISH today!
Yes, we have a minor pivot point at $ 11.92 in the 1h chart, and if defeated, it’ll make WISH fly again to the $ 15 in the short-term.
If it does a pullback to the 21 ema, it would be an opportunity to buy at a cheaper price. I like how the volume is looking here: Higher during the upside movements, and low during the pullback. This indicates that the buy force is dominating.
In the daily chart, the key point is the $ 14.97 area. This price level worked as support some times in the past, and now it is working as a resistance, following the Principle of Polarity in Technical Analysis.
If it defeats the $ 14.97, then probably WISH will fly again, and the volume confirms this idea. If WISH finally wakes up, it can easily retest the ATH in the next few months.
If you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea if you liked it!
Thank you very much!
Yes, we have a minor pivot point at $ 11.92 in the 1h chart, and if defeated, it’ll make WISH fly again to the $ 15 in the short-term.
If it does a pullback to the 21 ema, it would be an opportunity to buy at a cheaper price. I like how the volume is looking here: Higher during the upside movements, and low during the pullback. This indicates that the buy force is dominating.
In the daily chart, the key point is the $ 14.97 area. This price level worked as support some times in the past, and now it is working as a resistance, following the Principle of Polarity in Technical Analysis.
If it defeats the $ 14.97, then probably WISH will fly again, and the volume confirms this idea. If WISH finally wakes up, it can easily retest the ATH in the next few months.
If you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea if you liked it!
Thank you very much!
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