WIN/USDT - Bearish Breakout completed
Hello traders and community, today we will tell ourselves shortly about the situation of WIN/USDT
Trend analysis
- As you can see from the WIN/USDT daily chart, the price of Wink made bearish breakout and dropped lower than global trend, that's why we can expect bearish trend in the following days. As a trader I recommend to wait for correct signal when you put short trade position and follow my possible scenario with price drop approximately to 0.00019039 price level. Today's resistance level is near 0.00023872, support level on 0.00019039 and global trend is changing from bullish to bearish. More information will be provided later on my page.
Chart pattern
- Bearish breakout (approved)
Technical indicators
- RSI: market is still in boarders and is located near 50 level (not overheated, Neutral signal)
- MACD: MAs are prepared for downward movement + they started moving away from each other and overall trend is going down (Bearish signal)
- BB: Volatility of the market started stabilizing after volatile movement accomplished (Neutral signal)
- MA (10,20): MA10 is above the level of MA20 and moving upward (Bull signal)
= Overall neutral signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
Trend analysis
- As you can see from the WIN/USDT daily chart, the price of Wink made bearish breakout and dropped lower than global trend, that's why we can expect bearish trend in the following days. As a trader I recommend to wait for correct signal when you put short trade position and follow my possible scenario with price drop approximately to 0.00019039 price level. Today's resistance level is near 0.00023872, support level on 0.00019039 and global trend is changing from bullish to bearish. More information will be provided later on my page.
Chart pattern
- Bearish breakout (approved)
Technical indicators
- RSI: market is still in boarders and is located near 50 level (not overheated, Neutral signal)
- MACD: MAs are prepared for downward movement + they started moving away from each other and overall trend is going down (Bearish signal)
- BB: Volatility of the market started stabilizing after volatile movement accomplished (Neutral signal)
- MA (10,20): MA10 is above the level of MA20 and moving upward (Bull signal)
= Overall neutral signal movement
Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention!
Tell us about your opinion for making better decisions :)
P.S.: Information provided is only educational and should not be used to take action in the market.
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