WOO/USD - BULLISH wedge formed! Pump time? 🚀WOO has formed a HUGE falling wedge which is a BULLISH formation.
A break above this wedge in blue would catapult WOO much higher.
Key resistance levels to watch are:
52 cents
68 cents
90 cents
$1.2
Don't aim for the all-time high at $1.8, but an entry now has a good change to go towards $1 if WOO breaks the wedge.
Buying here has a great risk/reward ratio for longs. After a 80% correction, WOO getting a nice rally is quite possible IMO.
The bias will flip to FOMO bullish once price breaks above 52 cents and makes it support.
Until then there is still some small chance price could revert down again, unlikely though.
Indicators on daily timeframe are turning bullish and I think there is good momentum behind this token to move much higher, similar to the last rally in late 2021.
Bias is bullish.
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WOO
WOO/USD - WOO Lost CRITICAL Support! $0.44 Next. 🚨Unfortunately, WOO has lost the critical support at $0.50.
This means the next key support is at the previous bottom, $0.44.
But the current market is turning quite bearish with BTC back under $40k and ETH losing $3k...
So... PRAY that WOO stops at $0.44. If not... buy at 10 cents?
LOL.
Not looking pretty.
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BTC DOMINANCE - BREAK OUT!As you can clearly see on the BTC Dominance chart, BTC is finally breaking out of a downward wedge that is has been trading within dating all the way back to September 2019. Keeping a close eye on this chart/trend is crucial as it provides the guidance one needs to determine whether their portfolio should be more heavily weighted towards BTC or Alts.
WOO targetsConservative target of $1.60 should be easy. I'm expecting a consolidation period before the big move but you never know with the low volume coins. Invalid below 0.85 so should be minimal position since its a very risky trade.
For the ones who don't know the project, I recommended visiting their website. In brief, WOO Network is a deep liquidity network with zero or minimal fees. Please do your own research before investing.
Good day.
WOO Network: Ended in a double topI previously wrote that WOO Network had great potential to 10x after breaking out of its primary wave 4 triangle. Unfortunately, it didn't pan out the way I thought. I still made great gains by buying it at $0.95 and selling at $1.35. Now it has broken the long-term trend so it doesn't look that good anymore...
🆓WOO Network (WOO) Nov-26 #WOO $WOO
WOO is correcting strongly from 1.8$ zone and we can accumulate it at 0.8$ and 0.75 zone for targets of 1$, 1.2$ and 1.5$ target in December. But if it loses 0.75 zone then we will wait to buy it back at 0.55$
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.75$ zone
🔴Buy : 0.8 - 0.75
🔴Sell : 1 - 1.2 - 1.5
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.75$ zone
🔵Sell : 0.75
🔵Buy : 0.55
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
✅WOOUSDT - Bigger handle hit our TP2BYBIT:WOOUSDT
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Congrats for you guys who following the trading plan as below.
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We did set a handle before, and it built a bigger one eventually.
After the handle pattern completed, price start going up till our TP2.
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As usual, do not forget to take profit at 2nd TP we set, you can hold the rest until TP3.
Just take it anytime you satisfy.
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Moreover, I set a new SL $1.6943 to protect your unrealized profit.
Have a good day!.
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or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
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WOOUSDT - Entry timing of Cup and HandleBYBIT:WOOUSDT
1H trend chart
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WOO is forming a cup and handle pattern, and we are approaching to the end of handle.
If price can break out the upper downtrend line, trading strategy as below.
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Profit Targets:
a) 1.6834~1.7032----Fib(1.272~1.382)
b) 1.7458----Fib(1.618)
c) 1.8146----Fib(2)
Stop losses:
a)1.5612-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
WOOUSDT targeting 2.50 on this breakout...A simple measured move objective gives us 2.50 as a target for this breakout. Above that is pure price discovery.
We are still waiting for a weekly close to confirm this breakout but looking good right now.
I mean, as long as $BTC doesn't crap on us, we are looking good for now...
WOO has been a breakout traders dream lately...Been giving great signals! I did not trade these breakouts (I buy dips for my HODL bag) but a good thing to remember next time it goes into consolidation...
Always watch the daily close and set your SLs at logical levels (e.g., below previous HL/range lows, etc.) w/ proper position sizing.