💸WING- Cutting through dynamic resistances, 1400% range to ATHThe price left the previous symmetrical triangle formation in pretty much sideways style as the breakout was strongly rejected in the nearby area of horizontal resistance(red).
Over the last month it has been consolidating on support/200EMA and is now getting close to another "variation" of previous dynamic resistance(purple) We can expect to see a push towards the area of resistance(red) and if buyers are strong enough- a possible breakout of this zone.
Entry: buy in the zone of support(green)
Targets:
24.25
25.80
30.45
33.32
37.95
50.05
66.39
73.50
107.00
298.61
+use visible trendlines for dynamic targets
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About WING:
Wing is a credit-based, decentralized platform designed for crypto-asset lending and cross-chain communication between decentralized finance (DeFi) projects. The project aims to make crypto lending services more inclusive through a credit evaluation module that removes the need for large collaterals. Wing is a decentralized autonomous organization (DAO) that allows users to take part in decision-making, product design and operations.
Wing uses decentralized governance coupled with a risk control mechanism to improve the relationships between creditors, borrowers and guarantors. This has led to an improvement in the number of and accessibility to DeFi projects utilizing the platform. One of the goals of Wing DAO is to solve the issue of over-collateralization that plagues the DeFi industry.
The platform allows for the creation of new blockchain projects and focuses its efforts on a decentralized and autonomous governing community. In response to the issues faced by other DeFi projects, Wing DAO has built a credit-based DeFi protocol that runs on the Ontology (ONT) blockchain. The protocol is fully controlled by the users and requires no third parties to confirm transactions.
Source: coinmarketcap
