Quick Summary

In this article I provide an update on recent developments in relation to Wild Crypto (WILD) and take a look at where the price could go from here. A quick summary of points below:

• Between 15th and 29th of January 2018, WILD attempted to break a ceiling of 6000 satoshi several times
• On the 29th the ceiling was broken briefly, followed by one last correction
• Over the span of 31st Jan/1 Feb WILD reached an all-time high of 15000 satoshi
• Since then WILD has been in a corrective downward channel, and is currently trading around 7600 satoshi
• WILD shows signs that it could break the current downward channel ceiling any moment

1. Recent Developments

On the 19th of January I posted an analysis on WILD (full analysis via this SteemIt link) in which I conclude with a forecast of +70%-400% over the next 4-30 days. At the time WILD was trading around 4000 satoshi. This forecast was validated on Wednesday the 31st of January, when WILD reached a new all-time high of over 15000 satoshi (+375%). Subsequently WILD experienced a correction, and currently it is trading around 7600 satoshi.

Wild Crypto had previously announced a full launch on the 20th of January 2018. Prior to the 20th of Jan, Wild Crypto realised they would not meet their announced launch date, due to incomplete dev, and advised via social media and a newsletter update that the launch date was pushed out to the 1st of February. This postponement, in combination with other factors as outlined in my previous article, provided several buy-in opportunities below 4000 satoshi.

2. Price Movement

Up until the 29th of January, WILD tried several times to break a ceiling of 6000 satoshi. Finally, on the 29th of January, now only 3 days away from the announced Wild Crypto platform launch, the ceiling was briefly broken, as can be seen in the image below. This was followed by one last corrective move, which broke out below the low channel line. These two moves signalled a possible EW1 and EW2.

On 31st of January the EW pattern was confirmed by EW3 with a high of 8000 satoshi (as seen in the graph below). The impulse pattern was completed by EW4 and EW5, which reached a high of 15000 satoshi. A subsequent ABC correction took place over the last three days, and WILD is now showing signs of potentially breaking out of it's current downward channel again for another upward impulse.

I recommend to monitor the behaviour of WILD in relation to the ceiling of this downward channel. Once the ceiling has been broken a further upward impulse is likely to be imminent. An alternative would be a horizontal movement for a while, prior to another upward impulse.

3. Additionals

Please note that this article solely represents my interpretation of information that I gathered. As always, do your own diligence.

I analyse a varity of tokens/coins, from $2M to projects with marketcap in the billions. I aim for my analysis to be as close to live as possible, allowing readers to feasibly evaluate a trade opportunity.

If you'd like to stay up to date with those, and want to be updated when WILD breaks it's current ceiling in the downward channel, consider upvoting, resteeming and following.