WING - Wing Finance - price might be UP too soon

2021年3月29日

Honestly, the fact that the price of Wing/USDT pair confirmed my trend line so soon make me worry of it testing the support, rather than making higher high. But who know?

2021年3月29日

ノート

Not gonna lie: this chart is a mess!

But it shows something: Wing is not a shit coin, it up and down in pattern, not pump and dump.

How this chart was drawn:
Black circle mark the 1st start point
Orange circle mark the 2nd point
If the orange circle is used for a new line, change it to black

Draw supports and resistants
Draw lines that connect the low
Draw lines that connect the high

When the price chart cut a certain line and make the 3rd point, that line is confirmed

This chart is a mess, but it does show a pattern:
WING is still a small cap -> it more than frequently to flip at resistant.
But after a sharp correction, it flip at the support or trend line.

And follow that pattern, the two big line in Orange <30 USDT & 51 USDT>
and in red <15 USDT & 51 USDT> lead us to the price 81, but this will take time.
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So, the two big-blue resistants (around 81 and 107) have also not been confirmed, yet.

UPDATE: IT IS CONFIRMED

The orange and red lines are the newest lines.
Each has two point and still wait to be confirmed with a 3rd point which is around 79 to 81 for the price axis.

According to the pattern for Wing, the Red line is more likely, which means the price 79-81 USDT should comes quicker. This scenario should possible if the the market is green in short term.

Otherwise, expect the orange line to be confirmed, which mean there could be a deeper correction to 24 or even 19


Conclusion: no quick profit at this point, don't expect pump&dump or overnight rich, just prominent profit.
MANAGE THE RISK