Wing may have completed it' bloody fall.Hello everyone.
The price of the Wing has actually dropped very worryingly.
Probably, this sharp price drop; has caused investors to get very angry with the binance exchange.
The hard fall of a binance defi project has reduced investors' confidence in the binance exchange.
We also know that the "Ont Coin" (Ontology) team is behind this project.
The most positive aspect of this project is that the market cap value is low and the number of wing tokens sold daily is low. Perhaps this low selling pressure will cause the price of this coin to jump up in a short time.
According to the whitepaper document on the official website of the Wing Finance project; This year, 0.06 wings per second will be released. In the second year, 0.05 wings will be released per second.
Thanks to this document, we understand that 5184 pieces of wing tokens are released per day and they join the sales pressure.
In fact, this sales pressure is quite low compared to other projects. However, since both the ont team and the binance exchange have never owned this project, they have gone through such a bad process.
I hope the mathematical superiority of this project is reflected in the project price.
Let's see what happens next.
Wingbtc
✳️WINKG/BTC (7-10) #WING $WING #WINGBTCWING is heading to 1000sts and I think it will hit this zone in next 2-3 days. This is the last support that I can imagine so we will bet on this trade.
We will buy it close to 1000sts as possible for the targets : 1500-2000 or even 2300sts if lucky
Stoploss for this trade is just 10%.
WINGBTC - Positive divergence in depthI will open a long position
If this is stabilized above MA20 1H
WING/BTC (Next Key Support @ 1k sat?)💎Technical Analysis Summary💎
BINANCE: WINGBTC
-After WING broke its key level last October 20
-Its value declined another -22% from previous support
-Since there is no logical strong support at the current price
-The level needs to be watching is at 1000s sat
-This is the exchange's low key price os September 16
-Please don't just try to leave a buy order
-This is a high market especially catching a falling knife
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WINGBTC - An explosion is on the wayAfter another severe descent from DeFi zone which its head and tail do not fit in the chart! I think we have a good chance to see a price explosion from WING.
Look at the signal lines of CSRS how show strong upward momentum.. also ..So far the fibo time lines works very reliably.
Most importantly, there is an excellent Risk/Reward.
Long it now and put SL under support line.
WING/BTC (Bearish Triangle Pattern?)💎Technical Analysis Summary💎
BINANCE: WINGBTC
-WING is forming a bearish descending triangle pattern
-It is still unconfirmed and the Bulls are now showing any sign of strength
-If you are looking to trade this market
-Wait for the breakout direction of the pattern
-Because it is not good to be caught up in the wrong direction
-So please always plan your next trade
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Trading Involves High Risk ⚠️
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Please Exercise Risk Management 💱
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Through Leaving A Thumbs Up, Comment & Follow 💬
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WING/BTC (New Resistance Area)💎Technical Analysis Summary💎
BINANCE: WINGBTC
-During the deep pullback, WING found support at the 1600s sat area
-But immediately faces new resistance at the 2500s sat
-We can see multiple Bearish candles of potential rejections
-If the current price is unstable to hold for the next 24-48 hours
-It will likely to retest previous support
-Please plan your trade and follow your stop loss location
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WINKG (WING) Chart Analysis w/ Targets (150%+)Let me start by saying that this is a pretty young chart, the less time the chart has, the less data/info, the less accurate is the analysis.
With that said... Let's have a look at WINGBTC (WINKG) .
We have a strong bounce on the 30-Sept. which pushed prices above EMA50 on this timeframe, 4H.
A retraced followed that ended up in a higher low... We are starting to see some of our classic bullish signals.
The RSI is strong above 50 and the MACD is about to print a bullish cross.
If prices manage to break above EMA50, you can expect additional growth and up to 150%...
But if a rejection takes place, the lower support will be tested (red dashed line).
Namaste.
-> This is not financial advice.
-> Use this information as an adjunct to your own strategy and trading.
-> Trade at your own risk.
-> All the information is shared for learning/entertainment purposes only.
WING BTC Possible Bullish Move, part 2A falling wedge has formed. Plus hidden divergence according to the RSI indicator. Put a stop loss and sell at resistance levels.
WING/BTC (Testing Local Support)BINANCE: WINGBTC
-We can confirm a trendline resistance below 7k sat range
-The price rejected multiple time and moving back to previous support
-WING has local support at 5100 sat area which acted supported last Sep 17
-If we are Bullish, we need to see WING break above this channel
-If you are looking for position entry of a Swing trade idea
-Buying at important key levels is an ideal approach
-And stop loss is placed at a recent low at 4600 sat
-Because of the 4600 sat support failed, it will likely come down lower
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WING/BTC - Will it beat the trendWINGS/BTC has been very interesting since it was launched on Binance. After reaching 3-months high at 16000 it has gone into retracement, currently holding on the Fib38 around 11000. It has been a strong support for over two weeks and it must be possible to reach the 12500 if the bulls keep supporting at this level. We must not forget that WINGS has seen the 40000 and the 20000 not too long ago :)
Recommend:
Buy: +/- 11000 (stop loss 10650)
Sell: +/- 12500 (13%)
If stop loss has been reached:
Buy +/- 9500 (stop loss 9050)
Sell +/- 10700 (14%)
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