WBT / USDTWBT / USDT
WBT show perfect descending triangle :
– The trigger for bulls is breaking out the resistance line of triangle in my chart
– Trigger for bears is breaking down green support line in my chart
Best of wishes
WBTUSDT trade ideas
WBT - WhiteBIT Token Could Be The Next 10X TradeWBT - WhiteBIT Token Could Be The Next 10X Trade
WBT is a utility token of the largest European cryptocurrency exchange, WhiteBIT.
The platform was established in 2018 and has already become one of the leading crypto exchanges with 3+ mln users worldwide.
They launched their token on August-22
As the price is developing we can see that the first pattern that is taking shape on the 4-hour time
the frame is a "Cup and Handle Pattern" and also the price is creating a "Bullish Flag Pattern"
All of this accumulation will explode very soon by offering a very nice bullish movement.
Probably WBT can be the next 10X trade.
However, I am still conservative on the targets and profits.
If the price will bounce it can increase more than I am actually expecting considering the cryptos price reaction.
This is a bullish pattern now showing that the price has a very high potential for the next bullish wave.
I am keeping conservative targets for the time being for the 3-rd wave development of the Elliot Wave but it can
also, extend up to the 5-the wave and to complete probably higher than the 5-th wave that I have pointed out on the chart.
Thank you and Good Luck!
WBTUSDT 4h New cryptocurrency token, buy it earlyToday, we want to introduce to you a new trading token WBT - token of the largest European crypto exchange - WhiteBIT
On August 14, a presale of 1 million tokens was held, which were sold out in 15 minutes. A great result.
On August 25, token trading started at $1.90, and then the excitement and confidence in the WhiteBIT crypto exchange drove the value of the WBTUSDT token to $6.34 at the time of writing the idea.
Currently, in circulation - 66 mln. coins
Yesterday there was a price squeeze to the liquidity zone of $5.40, which was sharply bought back. That is, currently, an aggressive buyer is ready to buying WBT and not let the price go lower.
Our expectation for the coming days is to reach the $8.35 mark for the WBTUSDT price.
Basic conditions of tokenomic:
- maximum issue - 400 mln. (of which 200 million will be unlocking within 3 years)
- weekly token burning according to an open formula. The exchange will redeem a weekly amount of tokens equal to the sum of 33% of WhiteBIT's trading fees and 5% of other uses of the exchange. For example, 30.08.22 burned 973841 WBT, the next burning is on 06.09.22.
- reduction of trading commission and high 40-50% for staking to WBT holders
- own blockchain, launchpad, listings...
In short, a complete full package, which is cleverly packaged and implementing
I n our opinion, there are many similarities "in packaging and promotion" with the most popular exchange token BNB.
We are not implying anything, but the BNB once cost $0.50 and at the maximum it was $691
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WBT | WhiteBIT Token | Cup and Handle Pattern | Bullish VolumeWhat is WhiteBIT Token?
WBT is a utility token of the largest European cryptocurrency exchange, WhiteBIT.
The platform was established in 2018 and has already become one of the leading crypto exchanges with 3+ mln users worldwide.
They launched their token on August 22 (this month).
As the price is developing we can see that the first pattern that is taking shape on the 4 hour time
frame is a "Cup and Handle Pattern".
This is a bullish pattern now showing that the price has a very high potential for the next bullish wave.
I am keeping conservative targets for the time being for the 3-rd wave development of the Elliot Wave but it can
also extend up to the 5-the wave and to complete probably higher than the 5-th wave that I have pointed out on the chart.
However considering the increase of the volume that the token should have, considering that it is very new, the price
should rise faster during the coming days.
Thank you and Good Luck!
Types of Cup & Handle Pattern
When The Cup & Handle Pattern is completed in a Bullish Trend it is classified as a "Bullish Trend Continuation Pattern"
When The Cup & Handle Pattern is completed in a Bearish Trend it is classified as a "Bearish Trend Continuation Pattern"
Targets
A minimum profit target for this pattern is the measured distance between the bottom and top of the cup.
This distance is added to the price in the sharing area.
This is the minimum profit target that applies to this model and we should know that the price may also continue the movement of the major trend.
For more details check the idea below:
How is The Cup & Handle Pattern Formed And Traded?:
WBT/USDT | WhiteBIT Token | The Birth of a New Crypto😀Finally, WhiteBIT Crypto Exchange released the WhiteBIT token (WBT).
WBT is a utility token of the largest European cryptocurrency exchange, WhiteBIT
These are very big events for all the brokers joining this new journey.
This is another dimension for the broker considering that they are used for different purposes within the broker.
One of the most important ones is that they improve all the services.
From the past experiences with the Tokens of the other brokers we have clearly seen that all of
them began the journey with a very small price and after that, they explode very strong.
Considering the crypto industry, in my personal opinion, the Tokens of the brokers are also the safest ones when it comes to security.
However, let's dive into some more details.
Key advantages:
Increased referral interest rate (up to 50%); decreased trading fees; free daily ERC-20/ETH withdrawals; free daily AML checks; integration with the current and future products of WhiteBIT and much more.
WBT tokenomics
The token supply is limited to 400 000 000 WBT, with no new tokens to be created in the future. 200M of this amount is treasury tokens that are backing the total amount and will be unlocked within the next three months after the launch.
Trading competitions, airdrops, bounties, beneficial holding programs, and access to the token from other exchange platforms are part of activities associated with the WBT cryptocurrency available on WhiteBIT.
Thank you and Good Luck!
