WOOUSDT
WOOUSDT `` 15xPrice is captured within an ASCENDING channel.
On Weekly TF, we can see a bearish momentum candle, slowed down to a DOJI. Also, on closer look, it's all a correction of the "W"
On Daily and H4 timeframes, we can see regular and hidden divergences respectively, CONFLUENCE with lower edge of channel.
Trendline and resistance already broken on H1.
So, I'm in FOR a BULLISH wave.
Price may still retest the lower border of the channel, but that should be the worst- imo.
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...
✅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 $1.6943 to protect your unrealized profit.
Have a good day!.
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or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
WOOUSDT - Entry timing of Cup and HandleBYBIT:WOOUSDT
1H trend chart
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WOO is forming a cup and handle pattern, and we are approaching to the end of handle.
If price can break out the upper downtrend line, trading strategy as below.
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Profit Targets:
a) 1.6834~1.7032----Fib(1.272~1.382)
b) 1.7458----Fib(1.618)
c) 1.8146----Fib(2)
Stop losses:
a)1.5612-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
WOO has been a breakout traders dream lately...Been giving great signals! I did not trade these breakouts (I buy dips for my HODL bag) but a good thing to remember next time it goes into consolidation...
Always watch the daily close and set your SLs at logical levels (e.g., below previous HL/range lows, etc.) w/ proper position sizing.
WOO Network: Triangle breakout & potential 10x bagger! (Part 2)I wrote earlier that WOO Network broke a giant triangle on its primary wave 4 and is currently riding an impulsive primary wave 5 to at least 10$ 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.
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 is ready to 🌙 $WOO brokeout and is ready to MOONNNN.
Stoploss will be right below support and look for 130% move coming in #woo