WING pumped 600% after the bullish Supertrend Ninja - Clean signal (green vertical line on the background).
WING broke out of the bullish Zone of the Ichimoku Cloud , which is bullish . The RSI is in the overbought zone at 95. RSI Brown at 133. If we take a look at the Average Directional Index ( ADX DI) its starting to be bearish, as it is pointing downwards. Currently WING is way above its upper Bollinger Band, Band Basis 20 Period SMA . A retrace back within the Bollinger Band is more likely. The risk to reward right now to enter a trade is bad.
Waiting patiently on a bullish Supertrend Ninja signal, before entering a long paid off.
Thank you for reading. NamasteΜ π
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Use: In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.