WOO long-term plan
Updated
I suppose that WOO has been forming an Accumulation schematic following Wyckoff method. According to my analysis, it'd take months for WOO to be in the range $0.1-$0.3.
Base on this plan with expected main events, I'll look for potential setups.
------------ Info about WOO -------------------
WOO Network is a system of Centralized Finance (CeFi) and Decentralized Finance (DeFi) services designed to provide greater liquidity for various players in the cryptocurrency market. It utilizes blockchain technology to enable traders, exchange platforms, institutions, and DeFi platforms to access greater market liquidity and execute transactions quickly at a reduced or zero cost.
Note
A H&S pattern formed. I expect a break-down of the neckline in some weeks.Note
It seems that the neckline is about to be broken. I'm searching for a Short setupNote
Short Set-up:Note
The neckline of H&S pattern was broken and is retested. It's likely that this retest will be rejected. I'm still shorting WOO and wait for prices at $0.1 to accumulate it.
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.