WING - Wing Finance - price might be UP too soon

Mar 29, 2021

Honestly, the fact that the price of Wing/USDT pair confirmed my trend line so soon make me worry of it testing the support, rather than making higher high. But who know?

Mar 29, 2021

Note

Not gonna lie: this chart is a mess!

But it shows something: Wing is not a shit coin, it up and down in pattern, not pump and dump.

How this chart was drawn:
Black circle mark the 1st start point
Orange circle mark the 2nd point
If the orange circle is used for a new line, change it to black

Draw supports and resistants
Draw lines that connect the low
Draw lines that connect the high

When the price chart cut a certain line and make the 3rd point, that line is confirmed

This chart is a mess, but it does show a pattern:
WING is still a small cap -> it more than frequently to flip at resistant.
But after a sharp correction, it flip at the support or trend line.

And follow that pattern, the two big line in Orange <30 USDT & 51 USDT>
and in red <15 USDT & 51 USDT> lead us to the price 81, but this will take time.
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So, the two big-blue resistants (around 81 and 107) have also not been confirmed, yet.

UPDATE: IT IS CONFIRMED

The orange and red lines are the newest lines.
Each has two point and still wait to be confirmed with a 3rd point which is around 79 to 81 for the price axis.

According to the pattern for Wing, the Red line is more likely, which means the price 79-81 USDT should comes quicker. This scenario should possible if the the market is green in short term.

Otherwise, expect the orange line to be confirmed, which mean there could be a deeper correction to 24 or even 19


Conclusion: no quick profit at this point, don't expect pump&dump or overnight rich, just prominent profit.
MANAGE THE RISK