Hello traders and investors! Let’s see how WISH is doing today!
First, it is interesting to notice that it did a bullish structure in the 1h chart, as it triggered the bullish pivot point at $ 10.15. Now it seems it is heading to the next resistance, the $ 10.68.
This might be the beginning of a bullish reversal, but let’s remember that although we have a bullish bias in the short-term, the chart in the mid-term is still struggling.
At least WISH is not dropping anymore, and we have some consolidation. The only thing that it is missing here is a good volume, but I agree that if we defeat the $10.68 WISH will trigger another pivot point, but this time on the daily chart.
This dual confirmation of two pivot points in different time frames might be a powerful reversal sign, and keep in mind WISH has no other resistances/targets until the $ 15.
Let’s watch WISH closely, as it seems it is about to do something interesting in the next few days/weeks. Remember to follow me to keep in touch with my daily studies.
Have a good week.
First, it is interesting to notice that it did a bullish structure in the 1h chart, as it triggered the bullish pivot point at $ 10.15. Now it seems it is heading to the next resistance, the $ 10.68.
This might be the beginning of a bullish reversal, but let’s remember that although we have a bullish bias in the short-term, the chart in the mid-term is still struggling.
At least WISH is not dropping anymore, and we have some consolidation. The only thing that it is missing here is a good volume, but I agree that if we defeat the $10.68 WISH will trigger another pivot point, but this time on the daily chart.
This dual confirmation of two pivot points in different time frames might be a powerful reversal sign, and keep in mind WISH has no other resistances/targets until the $ 15.
Let’s watch WISH closely, as it seems it is about to do something interesting in the next few days/weeks. Remember to follow me to keep in touch with my daily studies.
Have a good week.
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