+100% move coming for $woo+100% move coming for FWB:WOO if it can break up from this .25c level;
ATH/ATL avwaps and VAH supports price
= clear shot to .50-.60c levels achievable
Woofi
WOO: DOUBLE TOP PATTERNIn this technical analysis, the idea presented is the 4-hour chart of BINANCE:WOOUSDT , which appears as a bearish indication of a double top pattern. With that, I plotted two potential diagonal support lines to consider for a breakdown to materialize.
I have a bearish sentiment for WOO based on an unlocking happening this October 10 per defillama.com . What is unlocking? From a coin perspective, investors have the attempt to sell the unlocked tokens that they held for some time, which can decrease the price of the coin.
We're currently on a weekend, so we can't expect volume. I will continue to monitor this coin from time to time and provide updates as well in the comments.
On another note, consider checking my article about BTC CRUCIAL TRIANGLE as we could expect a massive move and could correlate with altcoins as well.
Always plan your trades by knowing your support and resistance along with take profit or stop-loss areas when entering a position. Happy trading!
