WLD’s BTC pair is showing signs of strength as it stabilizes around a critical support level, with a setup that could lead to an impressive rally if it gains momentum. Currently, it’s retesting a support area that has been crucial for previous price moves.
Green Zone (Support): WLD has reclaimed this support zone and is beginning to show signs of consolidation. Holding above this level would be a strong signal that WLD is ready to move upwards.
Downward Trendline: WLD recently broke its descending trendline, a bullish sign that indicates a shift in momentum. If it can hold above this level, the next target would be the main resistance area.
Blue Zone (Main Resistance): The next major hurdle is the blue zone, which represents an 84% potential upside from the current price if WLD successfully pushes through this resistance. This area has historically acted as a strong resistance, so a breakout here could lead to a substantial rally.
In summary, WLD’s BTC pair is in a promising position for a potential breakout. With the BTC pair acting as a crucial factor for altcoin rallies, a sustained move above the support zone and a break of the main resistance could trigger a significant upward move. Patience here is key as we watch for confirmation of strength.
Green Zone (Support): WLD has reclaimed this support zone and is beginning to show signs of consolidation. Holding above this level would be a strong signal that WLD is ready to move upwards.
Downward Trendline: WLD recently broke its descending trendline, a bullish sign that indicates a shift in momentum. If it can hold above this level, the next target would be the main resistance area.
Blue Zone (Main Resistance): The next major hurdle is the blue zone, which represents an 84% potential upside from the current price if WLD successfully pushes through this resistance. This area has historically acted as a strong resistance, so a breakout here could lead to a substantial rally.
In summary, WLD’s BTC pair is in a promising position for a potential breakout. With the BTC pair acting as a crucial factor for altcoin rallies, a sustained move above the support zone and a break of the main resistance could trigger a significant upward move. Patience here is key as we watch for confirmation of strength.
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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.