Wings DAO (WINGSBTC) is moving with really good strength and volume. Breaking out of a downtrend, to start moving up.
Looking at all the other Binance altcoins and the chart for this token, it looks like it can produce massive additional gains. Let’s trade for profits. Namaste.
Here is a very easy chart to read, for us:
This is a weekly chart. Each candle represents the price action of 7 days. Let’s get started.
All time high was hit back in June 2017, WINGS has been declining ever since.
A corrective wave up in January 2018 and then more down until a low point was hit on September 2018.
WINGSBTC hit bottom on 12th September, making a new all time low @ 0.00001697.
The daily candlestick produced a Hammer which we often see at the bottom of a downtrend. This hammer candlestick is followed by increasing prices, increasing green volume and a breakout, all bullish signals that point to an up move.
Then our indicators, MACD, RSI and STOCH all confirm the bullish action.