Hello traders!
This is WABI/BTC analysis for the month of August.
Wabi 4hr chart is very close to 200 MA and after it breaks 200 MA, it will form a reversal pattern above 200 MA. This reversal pattern can be a head and shoulder pattern or a J pattern. Both patterns are reversal patterns.
After completing the bearish pattern Wabi will aim to break the bottom trendline and after it broke the bottom trendline it will form a bullish pattern and it will never look down again to this position again because a pattern below the bearish trendline is always a strong pattern.
I am expecting that it will close this month's candle at 0.00000331 price.
Don't forget to support this idea with your likes
This is WABI/BTC analysis for the month of August.
Wabi 4hr chart is very close to 200 MA and after it breaks 200 MA, it will form a reversal pattern above 200 MA. This reversal pattern can be a head and shoulder pattern or a J pattern. Both patterns are reversal patterns.
After completing the bearish pattern Wabi will aim to break the bottom trendline and after it broke the bottom trendline it will form a bullish pattern and it will never look down again to this position again because a pattern below the bearish trendline is always a strong pattern.
I am expecting that it will close this month's candle at 0.00000331 price.
Don't forget to support this idea with your likes