yarr
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WABI - Still Below Full Potential!

BINANCE:WABIBTC   WaBi / Bitcoin
WABI been very strong ever since ICO             was launched!
It is promising project with promising future.
Here are some highlighters:
-> Working product, already used in stores and mobile phone app
-> 2018 is going to be used building partnerships and marketing
-> Market cap is only 1/3 of it's competitor #WaltonChain
-> Great stuff coming in 2018

TA stuff
The price has been very loyal to it's longer term uptrend line and is forming Ascending Channel which is offering a new trading opportunities in short and mid term.
Quick rejection from .382 fib level is one of the evidence that there is still potential for growth.
Indecisive candles are helping us to determine our next move. When the price reversed from the bottom and started to form indecisive candles, we are able to draw support and resistance levels which are helping us to navigate through of indecisiveness. The current setup is indicating bullish momentum. But it is important to wait and see the formation of each candle and break out signal.
Price is hovering at the moment above MA100 level and strong support area . Buy orders should be set above of recent swing high and above 0.0003 level with confirmed break out signal.
Stop-loss order at 0.00024 level.
For this trade the main targets are at 0.00038 and 0.0004 levels with a longer term target in the grey box area.
If the averages crosses it is recommended to wait patiently and seek new trading opportunity from the lower levels.

Note this is a longer term trade!

If you need any help with trading, recommendations or where to search basics just feel free to leave me DM             in here or in my twitter. I try to respond ASAP! :)
Happy trading!

Things to Remember:

  • Stop-loss orders are strongly recommended.
  • Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
  • Do your homework before investing.
Yarr
Hello @yarr ! Could you update the analysis, please? Thank you!
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