What is WIN
WIN acts as a Governance Token for the WINkLink TRON oracle. It serves an important role for the Tron ecosystem and is directly related to the security of the TRON Network as a whole. This does also mean that for WIN to truly be successful – TRON needs to be successful too. That type of reliance will likely play a stronger part as the years go on but because we are still within the confines of Speculation, we can trade without the fear of the fundamentals adding too much weight to the decision.
WIN has a lot of ROOM
On October 31st, we showed you WIN – HERE. The reason we showed you WIN is because of the potential of an explosive move once we confirmed the path forward. Hang onto your hats because that confirmation may just be happening today.
We have an area from $0.0009032 – $0.0009480 that we would like to see turn to Support. WIN does present a secondary challenge in the form of the upward sloping resistance trendline. That adds a secondary layer of caution to the trade… Luckily for WIN, there is so much room to go that it almost doesn’t matter.
We have potential resistance levels for WIN that span from 37% to 390% and they are all achievable.
WIN is another one that has been lagging for some time. This gives us the ability to see clear historical resistance where some traders and investors should be looking to take profits. If we scrap the “0s” this will be a little easier to understand.
9480 – Let’s close a daily above this level
13,000 first major target area that can still lead to a failure in the overall trend
20,000 closing above this level instills confidence in other traders to retest the high
26,866 – a retest of the candle close from the ATH -slightly more conservative than testing the ATH
46,000 – Our first technical Price Discovery Level and indeed a new ATH
What's Hot in the AltCoin World?
Outside of SAND and MANA we do still like ANKR and STORJ. We wrote about these the other day and they are still very much on our radar.
TRX: TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has a capacity for 2,000 TPS.
We did just mention for WIN to be successful, so too does TRON! TRON is making some moves and looking to flip the current resistance level in an effort to retest the high side. There are plenty of levels to find resistance but there seems to be a growing trend that has not been invalidated yet.
WAXP: WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. It is fully compatible with EOS.
WAX needs to go 523% to reach its high back in 2017 – so, it’s unlike most of the coins today. That being said, that will not be a very easy path as there is a ton of local and historical resistance to contend with. The good news is that the trend is strong and appears to only get stronger. We spoke about WAXP on Halloween and the entry worked out in a big way. You can see that HERE. Yesterday the 100% gain mark was hit and we are seeing the expected resistance as planned. There are a few different pullback areas but that all depends on how dramatic the sellers want to get. The next high side level we like is $1.0206.
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