Wing Has %80 Profit Potential Thanks To Bullish Gartley! In my previous technical analysis, I said that the wing price will no longer fall but rise.
Wing price rose more than 50% from the bottom price. You can see that it has made a gartley pattern after this rise.
If it goes down to the 7.88 level, the gartley pattern will be complete.
WING
Wing may have completed it' bloody fall.Hello everyone.
The price of the Wing has actually dropped very worryingly.
Probably, this sharp price drop; has caused investors to get very angry with the binance exchange.
The hard fall of a binance defi project has reduced investors' confidence in the binance exchange.
We also know that the "Ont Coin" (Ontology) team is behind this project.
The most positive aspect of this project is that the market cap value is low and the number of wing tokens sold daily is low. Perhaps this low selling pressure will cause the price of this coin to jump up in a short time.
According to the whitepaper document on the official website of the Wing Finance project; This year, 0.06 wings per second will be released. In the second year, 0.05 wings will be released per second.
Thanks to this document, we understand that 5184 pieces of wing tokens are released per day and they join the sales pressure.
In fact, this sales pressure is quite low compared to other projects. However, since both the ont team and the binance exchange have never owned this project, they have gone through such a bad process.
I hope the mathematical superiority of this project is reflected in the project price.
Let's see what happens next.
✳️WINKG/BTC (7-10) #WING $WING #WINGBTCWING is heading to 1000sts and I think it will hit this zone in next 2-3 days. This is the last support that I can imagine so we will bet on this trade.
We will buy it close to 1000sts as possible for the targets : 1500-2000 or even 2300sts if lucky
Stoploss for this trade is just 10%.
WINGBTC - Positive divergence in depthI will open a long position
If this is stabilized above MA20 1H
WING/BTC (New Resistance Area)💎Technical Analysis Summary💎
BINANCE: WINGBTC
-During the deep pullback, WING found support at the 1600s sat area
-But immediately faces new resistance at the 2500s sat
-We can see multiple Bearish candles of potential rejections
-If the current price is unstable to hold for the next 24-48 hours
-It will likely to retest previous support
-Please plan your trade and follow your stop loss location
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Not Financial Advice 💸
Please Exercise Risk Management 💱
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WINKG (WING) Chart Analysis w/ Targets (150%+)Let me start by saying that this is a pretty young chart, the less time the chart has, the less data/info, the less accurate is the analysis.
With that said... Let's have a look at WINGBTC (WINKG) .
We have a strong bounce on the 30-Sept. which pushed prices above EMA50 on this timeframe, 4H.
A retraced followed that ended up in a higher low... We are starting to see some of our classic bullish signals.
The RSI is strong above 50 and the MACD is about to print a bullish cross.
If prices manage to break above EMA50, you can expect additional growth and up to 150%...
But if a rejection takes place, the lower support will be tested (red dashed line).
Namaste.
-> This is not financial advice.
-> Use this information as an adjunct to your own strategy and trading.
-> Trade at your own risk.
-> All the information is shared for learning/entertainment purposes only.
WING BTC Possible Bullish Move, part 2A falling wedge has formed. Plus hidden divergence according to the RSI indicator. Put a stop loss and sell at resistance levels.
WING/BTC (Testing Local Support)BINANCE: WINGBTC
-We can confirm a trendline resistance below 7k sat range
-The price rejected multiple time and moving back to previous support
-WING has local support at 5100 sat area which acted supported last Sep 17
-If we are Bullish, we need to see WING break above this channel
-If you are looking for position entry of a Swing trade idea
-Buying at important key levels is an ideal approach
-And stop loss is placed at a recent low at 4600 sat
-Because of the 4600 sat support failed, it will likely come down lower
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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WINGSTOP still looks extremely bullish going into earningsLook for the next candle on the MACD to be a lighter red color take the buy
seems like it might get created on Monday morning around 10am
If Wingstop sells off a bit and a new MACD lighter red candle gets created
buy in
more than likely its going to beat earnings and gonna keep skyrocketing
as long as people are inside and Q2 earnings for every other company is on the downside then youre good on buying WING for earnings and until Q3
when a sell off might happen IF people start going back their jobs and this whole corona virus is over by Q3 earnings around September
to make a long paragraph short, Buy WING until Q3 announcements or when states start opening up again
then when everything begins to start going back to normal, sell everything and expect a huge sell off
Wingstop Trade for Friday Entry level $87.52 = Target price $90.91 = Stop loss $86.80
Currently held by Monthly horizontal resistance, a day trade possible on a break above $87.50
Strong volume.
Strong 7 & 12 MA support.
Rising MACD and histogram.
Upgrade details
Shares of Wingstop (NASDAQ:WING) move higher after being added to the Conviction Buy List at Goldman Sachs.
Goldman already had a Buy rating and price target of $140 on the restaurant stock, but is expressing even more confidence into Wingstop's highly-anticipated Analyst Day event on January 16.
WING +3.03% premarket to $82.70 vs. a 52-week trading range of $56.95 to $107.43.
WING Put SpreadCost 1.89 Max loss is $123 Max gain is $200
Spread is 95/90 Put spread
Exp October 18,
looking like its breaking down from support and moving lower. It may hit $90. Since the market is rallying and this is dropping that's a decent indicator that its overweight.
This play is already active and this is not trade advice just my position being tracked on trading view.
$WING Ascending Triangle - New ATH Breakout$WING Ascending triangle breaking out today to new highs - monitor for a close above $79.90 resistance level. Not a fast mover with beta <1.0 and modest avg volume numbers but still looking solid recently.
Target - $90.00 by early August (note ER also early Aug)
Note: Informational, not investment advice.
WING/BTC - Will it beat the trendWINGS/BTC has been very interesting since it was launched on Binance. After reaching 3-months high at 16000 it has gone into retracement, currently holding on the Fib38 around 11000. It has been a strong support for over two weeks and it must be possible to reach the 12500 if the bulls keep supporting at this level. We must not forget that WINGS has seen the 40000 and the 20000 not too long ago :)
Recommend:
Buy: +/- 11000 (stop loss 10650)
Sell: +/- 12500 (13%)
If stop loss has been reached:
Buy +/- 9500 (stop loss 9050)
Sell +/- 10700 (14%)
*Binance is a growing exchange that is user friendly and does not require documentation if you trade less than 2BTCs. As it has just been launched it has reduced the trading fees to 0.5% if you have a small number of their coin ( BNB 0.00% -0.35% -0.35% ) in your wallet. Registration is recommended and using my referral link is highly appreciated: www.binance.com
*You are the decision maker in your trading, I cannot be held responsible for your losses
WING - Reversal from Upward channel line, short at $37.08WING was in our watch list for short, but it never broke down. However with earning it went up & interestingly it hit its upward channel resistance line. We think it will decline form here, and considered a short position from the upper channel line.
* Trade Criteria *
Date First Found- November 6, 2017
Pattern/Why- Reversal from Upward channel line.
Entry Target Criteria- entry at $37.08 (Entry November 6, 2017)
Exit Target Criteria- 1st Target $33.23 & 2nd Target $28.73
Stop Loss Criteria- $39.17
Please check back for Trade updates. (Note: Trade update is little delayed here.)