WABI/USD (Weekly View Analysis)

22 de mai. de 2021

💎Technical Analysis Summary💎



WABI/USD

-WABI formed a double bottom reversal pattern in the weekly time frame
-The price finally broke the long term trendline resistance
-Currently, the weekly swing top is now confirmed
-And it is now going back to the mean to retest the old resistance line
-If WABI can hold the key area of support plus the 100W Moving Average
-I think the upside future is bright provided the overall market condition aligns
-I'm expecting weeks of consolidation or months to get a breather and form a new support
-If everything goes into play, the potential long term targets I up to 4 dollars
-For now, let us be patient and let us observe how the price will react on 0.20 - 0.15 dollars
-Stay safe everyone and thanks for supporting my channel!



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