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Technical analysis by Zorroreny about Symbol WNXM: Buy recommendation (4/18/2025)

https://sahmeto.com/message/3424717
Zorroreny
Zorroreny
Rank: 978
2.7
Buy،Technical،Zorroreny

WNXM made a nice push from bottom and has now finally corrected. Question is - did we finish correction? Looking at indicators we see that we are oversold, we did ABC corrective structure after breaking diagonal resistance line - similar move to XRP. Currently we are sitting at old fibb 0.5 S/R range. Also we have inverted H&S pattern in the making. As long as we bounce from here we will move to ATH range where it's likely that we will get rejected and do quick correction. If that correction stays above neckline of inv H&S pattern then we open path to new ATH with target being fibb 1.618 range.

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
Profit Target:
$763.82
Stop Loss Price
$32.4
Price at Publish Time:
$35.05
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