Long
Crypto gives you WINGS ! (Binance) > I'm very bullish on this.
Basically, this idea is : if volume returns, WINGS fly.
Both on the 4hr and daily charts, RSI and MACD are showing that this coin is a very good pick, whether long or short term.
I've charted for you why I think WINGS is a good candidate to be tomorrow on Binance tab of two-digits percentage increase.
It's pretty standard : from experience, most "breakouts" in Binance happen when MACD retraces to 0 from negative levels, as if whales are anticipating the MACD cross (I believe this is what actually happens).
Right now, it's very low volume (around 30-40 btc), which means little is required to make it fly on its wings.
Regarding ADX, it's going downwards because of the low volume, but with the MACD and RSI giving buy signals, I'm pretty sure it's gonna be flying again in the green.
So to conclude, if you are looking for a short or long term, you might need your WINGS ; but please watch the volume of the coin.
As always, don't invest blindly on the coin I'm analysing. Do your own research and pay attention to the market sentiment for BTC before investing.
Both on the 4hr and daily charts, RSI and MACD are showing that this coin is a very good pick, whether long or short term.
I've charted for you why I think WINGS is a good candidate to be tomorrow on Binance tab of two-digits percentage increase.
It's pretty standard : from experience, most "breakouts" in Binance happen when MACD retraces to 0 from negative levels, as if whales are anticipating the MACD cross (I believe this is what actually happens).
Right now, it's very low volume (around 30-40 btc), which means little is required to make it fly on its wings.
Regarding ADX, it's going downwards because of the low volume, but with the MACD and RSI giving buy signals, I'm pretty sure it's gonna be flying again in the green.
So to conclude, if you are looking for a short or long term, you might need your WINGS ; but please watch the volume of the coin.
As always, don't invest blindly on the coin I'm analysing. Do your own research and pay attention to the market sentiment for BTC before investing.
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