Wldusdt trading idea
WLD initially formed a rising wedge, a well-known bearish reversal pattern, within the External Supply Zone. The break below the wedge triggered a significant drop, pushing price through the Supply Zone before finding support in the Critical Demand Zone, which also aligns with a key Fibonacci retracement level.
Currently, price is developing a falling wedge, a typical bullish reversal structure, suggesting potential upside momentum. A breakout above this wedge could confirm trend reversal, with the first key target around $4.029, aligning with the Supply Zone. If momentum sustains, the next major resistance stands at $11.424, near previous structural highs.
With RSI showing signs of reversal from oversold territory, will this bullish setup play out?
Currently, price is developing a falling wedge, a typical bullish reversal structure, suggesting potential upside momentum. A breakout above this wedge could confirm trend reversal, with the first key target around $4.029, aligning with the Supply Zone. If momentum sustains, the next major resistance stands at $11.424, near previous structural highs.
With RSI showing signs of reversal from oversold territory, will this bullish setup play out?
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
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.