📣WBT Is Getting Ready To Rise Again After The Price Correction

📣WBT Is Getting Ready To Rise Again After The Price Correction

For all of you that don't know #WBT is the native token of the WhiteBIT Exchange.

Since the previous analysis below the price increased by +270%.

After a 5-wave Elliot wave price development we can see that the price actually
is correction.
The price reaction close to the 5-th wave projection is showing us
that the technical analysis is working out very well.
So the price is respecting the technical indicators.

Since when WHITEBIT Exchange launched WBT it was listed also in 3 other exchanges Huobi Global,
Gate.IO and MEXC.
All these brokers are increasing the trading volume too much and the price should begin the
bullish move.

Technical Analysis:
The price is creating a deep correction after a 5-wave movement.
This is a normal price development. The price is close to the 61.8% pullback
and it may bounce in the actual support area between 6.10 - 6.70
However, we can wait until the actual situation will calm down before we jump in the trade.

In my personal opinion, I think that this correction is already finished and the price should increase soon.

Thank you and Good Luck!


Previous and Base Analysis: