Wormhole is going bullish together with the rest of the Altcoins market. Notice the steep decline, in red... This pattern leads to a major low in August. Here the bearish wave ends.
This low produces a bullish breakout, the "initial bullish breakout."
This up-move is corrected and ends in a higher low (yesterday).
👉 As Wormhole (WBTC) breaks bullish above the C-pattern, with a higher low, it signals the start of a strong bullish wave.
We have the short-term targets mapped on the chart.
The pair can grow more if we consider the long-term.
Namaste.
This low produces a bullish breakout, the "initial bullish breakout."
This up-move is corrected and ends in a higher low (yesterday).
👉 As Wormhole (WBTC) breaks bullish above the C-pattern, with a higher low, it signals the start of a strong bullish wave.
We have the short-term targets mapped on the chart.
The pair can grow more if we consider the long-term.
Namaste.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.