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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. Like and follow if you liked this idea!
Long
by DU09
1
WOO/USD - Buy Opportunity Approaching! Woo under $1! 😎Missed on Binance's BNB Coin or Kucoin's KCS Token? I present you WOO Network, the hottest & cheapest exchange to trade on with no fees for limit orders. Plus you can stake your WOO token on the exchange... Binance invested $12 millions in WOO Network... follow the money. WOO token seems to be a great long term hold as a juicy exchange token with promising potential. Now for the TA: WOO had a nice rally at the start of 2022, but now the trend has reversed and it seems WOO token will likely fall to a lower support level as indicated by the chart. On the daily timeframe both the MACD and RSI are falling and the OBV has been bearish for a while now. All this indicates that the support at $0.90 may not hold this corrective move and Woo is due to fall lower. If price breaks the key support level then probably WOO will fall back towards $0.60 which should provide a great buy opportunity. Ideally you want to DCA on the way down. I'd be surprised for WOO to fall lower than $0.65. Bias is bearish in the near term, so get your powder ready in case we drop to BUY and HODL some or stack it. Woo is a good long term hold. If we bounce here, then the top of the ascending channel will act as resistance. Like and follow if you liked my idea!
Short
by DU09