WABI/BNB - LONGAs a Beginner learner, tries to share my opinion in order to verify it in the future to learn from my mistakes and to reward myself if I found that I was right.
Wabibinancecoin
Tae/Wabi BTC Harmonic Pattern Chart Updated Idea. FOMO TriggersPrevious Anlaysis Profit Potential 55%
General Summary: BINANCE:WABIBTC is looking ready for a smooth ride since we successfully have hit our Target Identified in our previous analysis which you can see in the link mentioned above.
Indicators:
MACD+RSI+Super Guppy shows bullish trends(Currently on Mid buy but a possible FOMO might trigger with movement of BTC) Growth has been seen with organic Volume (No PND has been noticed, no increase in supply has been noticed)
Events:
We should not miss out major events for BINANCE:WABIBTC that are taking place within next few days. I will mention Noticeable Events.
Till 30th Sept 2019
Expanded SKU Selection .Token Interchangeability
Expanded Product List. Revamp Website
Revamp Website.
Till Dec 2019 (Can take place earlier)
Automatic Labeling, AI Product Recommendation.
Enhanced Marketing, Native Shop integration. Retailers Adopt Taels
Trade: BINANCE:WABIBTC
Now coming to trading in Given scenario............................
Put stop loss as marked in the chart.
Set Sell Targets within the range of Points (also TP's)
Give Wabi sometime to reach Point A and possible Pullback might take place (Marked with Blue arrows) I always give more weight to bearish cases in order to avoid possible loss.
Don't Panic Play with Focus and Patience . Ultimately We are going to see really good profit .
Pro tips.
Never bet more than you can afford to stake.
Not Every Chart is 100% accurate market factors also does matter.
Price of BTC always influences ALT market.
Sometimes you earn the times you Learn. Happy Trading
There is a trading opportunity to buy in WABIBNBTechnical analysis:
. WaBi/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02170 to 0.01690). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02170)
Ending of entry zone (0.01690)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.02830
TP2= @ 0.03333
TP3= @ 0.03890
TP4= @ 0.04620
TP5= @ 0.06910
TP6= @ 0.10410
TP7= @ 0.13240
TP8= @ 0.16060
TP9= @ 0.20090
TP10= @ 0.25220
TP11= Free
There is a possibility of the beginning of an uptrend in WABIBNBTechnical analysis:
. WaBi/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02600 to 0.02170). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02600)
Ending of entry zone (0.02170)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.03890
TP2= @ 0.04620
TP3= @ 0.05270
TP4= @ 0.06910
TP5= @ 0.10410
TP6= @ 0.13240
TP7= @ 0.16060
TP8= @ 0.20090
TP9= @ 0.25220
TP10= Free
There is a possibility of the beginning of an uptrend in WABIBNBTechnical analysis:
. WaBi/BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02600 to 0.02170). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02600)
Ending of entry zone (0.02170)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.03890
TP2= @ 0.04620
TP3= @ 0.05270
TP4= @ 0.06910
TP5= @ 0.10410
TP6= @ 0.13240
TP7= @ 0.16060
TP8= @ 0.20090
TP9= @ 0.25220
TP10= Free
