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WLD / TetherUS

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WLDUSDT trade ideas

$WLD performing symmetrical triangleMIL:WLD performing symmetrical triangle Keep eye on it What Is a Symmetrical Triangle Pattern? Definition and Trading What is a Symmetrical Triangle A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point. Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation. Symmetrical Triangles Explained A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. The pattern is also known as a wedge chart pattern. The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low of the earliest part of the pattern applied to the breakout price point. For example, a symmetrical triangle pattern might start at a low of $10 and move up to $15 before the price range narrows over time. A breakout from $12 would imply a price target of $17, or $15 – $10 = $5, then + $12 = $17. The stop-loss for the symmetrical triangle pattern is often just below the breakout point. For example, if the aforementioned security breaks out from $12 on high volume, traders will often place a stop-loss just below $12. Symmetrical triangles differ from ascending triangles and descending triangles in that the upper and lower trendlines are both sloping towards a center point. In contrast, ascending triangles have a horizontal upper trendline, predicting a potential breakout higher, and descending triangles have a horizontal lower trendline, predicting a potential breakdown lower. Symmetrical triangles are also similar to pennants and flags in some ways, but pennants have upward sloping trendlines rather than converging trendlines. As with most forms of technical analysis, symmetrical triangle patterns work best in conjunction with other technical indicators and chart patterns. Traders often look for a high volume move as confirmation of a breakout and may use other technical indicators to determine how long the breakout might last. For example, the relative strength index (RSI) may be used to determine when a security has become overbought following a breakout.
by Crypto-Adda_Official
4
"Bullish Momentum Alert: Buy WLD for Maximum Gains!"Welcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
Long
by MoonTradingForecast
WORLD COIN (Pullbacks)(Next Targets)WLD from a TA Point.Of.View may come back stronger after being rejected by a basic resistance level In many cases is better to "buy" a pullback than a "falling knife" situation. Always be careful with price actions and use alarms and mental stop losses (for traders) and Laser Eyes (for Holders :) INFO Worldcoin is a decentralized identity and payment protocol for Web3. It uses biometric authentication to differentiate between a human being and a software robot (bot). The project aims to build a global identity and financial network. It creates a privacy-preserving digital identity network called World ID, enabling users to verify their identities and interact securely on online platforms. WLD tokens are given to contributors of the project and used for protocol governance. WLD is also a cryptocurrency that is universally and freely distributed to people simply for their existence. Hmmmm... may be used as a Basic Universal Income? That's sounds S F
by blackriver85
🔥 Worldcoin Bullish Divergence: Is This The Bottom?WLD has seen a very long period of selling after it initially launched on Binance (as happens often with newly added tokens). However, it appears that this token might have bottomed for the time being. I'm seeing strong bullish divergence on the daily RSI chart. The price made a lower-low, while the RSI made a higher-low, which often signals the start of a change in trend. Still, this is a risky token and a risky entry. However, the potential gains are very high. I'm looking at a longer-term target of 3 USD, potentially even higher next year.
Long
by FieryTrading
16
WLD and another long position!As you can see the chart and the one-hour time frame: 1. We have reached the good area of the buy order block 2. The conflict of the price with the downward trend line has increased and it is more likely to be broken 3. We have price divergence and RSI indicator 4. The RSI indicator has approached the oversold zone 5. It is placed on a good support range 6. The average volume of transactions in the one-hour time frame is filled All of the above can indicate a good position for a long position. #personal opinion Good luck and profitable
Long
by mansour1978
1