WOO Network: Triangle breakout & potential 10x bagger! (Part 2)I wrote earlier that WOO Network broke a giant triangle on its primary wave 4 and is currently riding an impulsive primary wave 5 to at least 10$ and even higher. We are currently going up on a secondary wave 3 of that primary wave 5 as shown on the chart. Do your due diligence but WOO Network is literally the Robinhood of cryptocurrency with its 0 fee scheme if you stake a certain amount of WOO tokens. The spreads are fairly tight as well so you are not getting screwed with the bid-ask spread because the company behind, Kronos, is doing a great job market making. I know because I was an early adopter and I now moved all my business from Binance to WOO Network. Also the coin tokenomics are deflationary, which makes this compelling for price appreciation.
Woousd
WOO Network: Triangle breakout & potential 10x bagger!WOO Network just finished a huge triangle, similar to the one Solana did from May to July before the crazy 10x rally. Woo Network could be a 10 bagger as well. Go read about the project. It is an exchange with 0 commissions if you stake some of their tokens. Also revenues they generate from the trades are going toward buying WOO tokens and burning them, thus increasingly the value. The UI is slick and they have an IOS mobile app.
WOO has just formed a #head$shoulder at the bottomIn 1h time frame, the downtrend line in major pivots has been broken, the head is just lying on the support2 zone of the #PIVOT_POINT_STANDARD and the shoulders on the S1.
So after all I expect 25 to 30% pf profit if the black line breaks strongly.
The SL may be the head, if you are midterm and the shoulders if running a short term strategy.
Attention: It's better to have the risk and property management according to the main market situation now
WOOUSDT time for a leg up?Quick post on WOO as this is one of the coins I am watching closely. Already in this at 0.06 and looking to buy more.
This coin is hard to read right now as we go into this broad trading range with relatively low volume.
But Something tells me we are about to see a leg up from these levels. I prefer to wait for a good buy signal (e.g. a very bullish candle instead of an indecision candle,etc.) but the context for a low is good at this level, I think.
No guarantees here as the low volume could kill this setup instantly...
Not trading advice.