WISH: This is what we wish in order to reverse the trend!
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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