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.