WNCG, analysis. September 10, 2021

By yarekeen | incrypto | 10 Sep 2021


Technical analysis, WNCG

 

wncg technical analysis | ncg | NineChronicles

  • The coin is trading below the maximum trading volume (POC), that's bad. Those who bought it here may start selling after a certain loss
  • Like most coins, the WNCG follows the bitcoin. Right now bitcoin is testing how low it can go.

 

Volume  WNCG

Volume  is much more important right now:

  • Trading volume yesterday was just under $7 million. That's a very small amount. So market manipulation is possible. 
  • At some 4-hour intervals the volume of trades was about 0.5M



Total Supply 

Total Supply is 56M WNCG

Recall that there are still approximately ~200M NCGs that have not been converted to WNCG. 

Total Supply before bridge - 44М

CEX + DEX = 13.7M

The number of coins on OKEx is growing.

wncg volume on OKEx

A price of 0.3 and below is quite possible. 

But it may not happen. Bitcoin is still undecided. 

It is possible to sell now, and then you have to buy at a higher price.

 

But I won't make recommendations other than to have a plan for any scenario before it's time to act. I have one.

I'm waiting for an influx of players!

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