WLD/USDT Break out the Descending Channel, Bullish Momentum ???Yello Paradisers, listen up!
💎 WLD has successfully broken out of its descending channel and is currently in a retesting phase, setting the stage for further upward momentum.
💎 Previously, WLD broke through the demand zone, establishing a new lower low. However, it has managed to reclaim this area and is now showing signs of breaking the descending channel, backed by significant volume. This suggests a bullish outlook for WLD.
💎 While the first attempt at a bullish setup didn't pan out, there's renewed hope that WLD will recover and continue its upward trajectory.
💎 Be cautious, though: this bullish scenario would be invalidated if WLD breaks below the key Bullish Invalidation level and closes the day beneath it.
Keep your charts up-to-date and stay tuned for more crypto insights! 🌴
WLDUSDT trade ideas
WLD/USDT Bullish Momentum ?? Worldcoin Today AnalysisYello Paradisers, Spotlight on WLD: A Shift from Bearish to Bullish Trend
💎 WLD has successfully regained its footing in the demand zone and is now challenging the resistance trendline of its descending channel.
💎 Additionally, WLD has broken past the 'Choch' area, which was a previous lower high, to establish a new higher high. The 'Choch' indicator often signals a trend reversal, making this a positive sign for WLD as it indicates a short-term shift from a bearish to a bullish trend.
💎 For entry points, you have two options. You can either wait for WLD to retest the demand zone to confirm its upward trajectory and set new higher highs, or you can enter the trade once WLD breaks out of the descending channel. The potential target for this bullish move could be the Bearish Order Block (Bearish OB) zone.
💎 This bullish outlook would be invalidated if WLD closes below the demand zone, as this would likely signal a continuation of lower lows.
Join Long-Term Down Trend On WorldcoinZooming out and examining Worldcoin, you will see it's down every single week since inception. A coin which users claim and sell will have constant sell pressure, driving the price lower & lower. It's likely that this coin will follow the path of moist altcoins, initial high, with a slow decline towards zero.
Even though it's in a downtrend, it would be wise to wait for pullbacks on a longer term time frame to enter, such as the hourly to time an entry.
Often there is support around whole numbers like $1. In this play, look for the break of the $1 area, then observe as this $hitcoin descends to the record lows.
WLDUSDTWLDUSDT, potential on a medium-term basis. I have identified key resistance areas that are likely to turn into support once reached, and the price should respect these levels during corrections.
Please note that trading is done at your own risk; the above is merely my opinion.
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WorldCoin is a falling knifeWLD Coin, under the leadership of OpenAI's CEO, Mr. Sam Altman, made its debut in the market on July 24th, 2023. Initially, upon listing, it showcased an impressive surge of 3000%. However, subsequent developments saw a significant downturn of approximately 80%.
While the coin managed to sustain the level of ~$2.5 until the early days of August, it has since embarked on a persistent downward trajectory, plummeting from $2.5 to $1.1.
An analysis of the accompanying volume bars underscores a noteworthy observation: during the decline, trading volumes have notably surpassed those during the ascent, as indicated by the comparatively larger white volume bars in contrast to the blue ones.
Furthermore, a key point to highlight is that the current valuation resides notably below the point of control, denoted by the horizontal white line. This signifies that most traders/investors entered the market around the $2.18 mark, subsequently facing a considerable loss of approximately 50%.
Given the prevailing circumstances, I recommend exercising caution regarding long positions and instead suggest exploring opportunities for short positions within this token's market.
WLD agian Sell TradeHere is My Study On Worldcoin.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
i Think this World(coin) You have to SellHere is My Study on Wild Coin.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
WLD a possible scenario
In 4H TF, WLD seems to have been moving in a descending channel. It's just rebounced from the support trendline (at around $1.65). This pullback with average volume would not give alot perspectives on a strong bounce, in my opinion.
I would wait for a second retest of the trendline where a bullish devergence (on CMF and/or MFI indicators) would enhance the situation with a better reversal.
What do you think about this scenario?
Top Watch Alts💎 FLUX , HOP , SNX & WLDHi Traders, Investors and Speculators of Charts📈📉
I'm constantly on the lookout for projects with great potential. Microcaps often x10, x100 or even x1000 if you're lucky enough to catch them early AND take profits.
Today I'll share some projects I'm watching. You'll notice they all currently have great entry points, and are ideal for accumulating.
⭐ FLUX :
Flux is a blockchain-based platform that aims to provide decentralized computing services and blockchain-as-a-service solutions. It has its own operating system (FluxOS), wallet (Zelcore), and development program (FluxLabs).
FluxOS is a custom-built Linux operating system that is designed to be specifically optimized for running Flux nodes. It is lightweight and efficient, making it ideal for running on a variety of hardware platforms
Flux uses a native POW (proof-of-work) coin called FLUX to power its ecosystem. FLUX coin is mined via a proof-of-work (PoW) consensus mechanism and can be staked, bought, sold, and traded. Holding FLUX also enables you to run your own Flux Node on the network, meaning you can earn even more of the coin.
Flux is a very promising platform with a lot of potential. It is still under development, but it has already made significant progress. I believe that Flux has the potential to become a major player in the decentralized computing space.
⭐ HOP :
Hop is a multi-chain bridge that allows users to transfer assets between different Ethereum Layer 2 (L2) networks and Ethereum mainnet. It is a trustless bridge, which means that users do not need to trust any third party to keep their funds safe. Hop uses a novel approach to bridge liquidity between different networks, which allows for fast and cheap transfers.
Hop works by issuing a cross-chain Hop token that can be quickly and economically moved between L2s or claimed on layer-1 for its underlying asset. Automated Market Makers (AMMs) swap between each Hop bridge token and its corresponding Canonical Token on each rollup in order to dynamically price liquidity and incentivize the rebalancing of liquidity across the network.
Hop is a valuable tool for users who want to move their assets between different L2 networks or Ethereum mainnet. It is fast, cheap, and trustless, making it a great option for users who want to avoid the high fees and centralized nature of other bridges.
⭐ SNX :
Synthetix is a decentralized finance (DeFi) protocol that allows users to mint synthetic assets, which are tokens that track the price of an underlying asset. The underlying assets can be anything from fiat currencies to cryptocurrencies to commodities. Synthetix is built on the Ethereum blockchain and uses the Synthetix Network Token (SNX) as its native token.
To mint a synthetic asset, users must deposit SNX into a Synthetix smart contract. The amount of SNX deposited must be at least 750% of the value of the synthetic asset that is being minted. This is to ensure that there is always enough collateral to back the synthetic assets that are in circulation.
Once a synthetic asset is minted, it can be traded on the Synthetix decentralized exchange (DEX). The DEX is a permissionless exchange, which means that anyone can trade synthetic assets without having to go through a centralized exchange.
Synthetix is a powerful tool for traders who want to gain exposure to a wide variety of assets without having to actually own those assets. It is also a valuable tool for hedging against volatility in the cryptocurrency market.
⭐ WLD :
Worldcoin is a cryptocurrency project that aims to distribute free tokens to everyone in the world. The project is led by a team of scientists and engineers who believe that Worldcoin can help to create a more equitable and inclusive financial system. Worldcoin uses a novel approach to distributing tokens called the Orb. The Orb is a handheld device that uses eye scans to verify that users are real people. Once a user's identity has been verified, they are airdropped a small amount of Worldcoin tokens.
Worldcoin is a proof-of-stake cryptocurrency, which means that it is more energy-efficient than proof-of-work cryptocurrencies like Bitcoin. It has a total supply of 100 billion tokens and is currently in the process of conducting a pilot program in Kenya.
Worldcoin is still in its early stages of development, but it has the potential to be a major player in the cryptocurrency space. The project has a strong team with a proven track record, and it has the backing of a number of high-profile investors.
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CryptoCheck
Worldcoin WLDUSDT Price Analysis (4h)Hello, fellow traders and crypto enthusiasts!
🌐 Embarking on Worldcoin's Promising Journey:
Worldcoin has recently embarked on its dynamic price journey, and astute observers may spot intriguing patterns reminiscent of other coin and token listings. Drawing from past experiences, the initial price action often reveals a trend: a notable spike on listing day followed by a subsequent descent towards key Fibonacci levels such as 0.618, 0.500, and 0.382. These levels hold more than just numerical significance; they signify potential rebound zones and underscore buyer interest.
💡 Deciphering Early Signals:
While these observations spark curiosity, it's imperative to tread cautiously before making bold bullish claims. Today, our focus is directed towards Worldcoin, a project brimming with innovative potential that transcends mere market dynamics.
Let's delve into the intricate tapestry of Worldcoin, where groundbreaking concepts intertwine to reshape the landscape of identity, finance, and empowerment.
🔍 World ID and The Power of Verification:
Central to the Worldcoin narrative is the revolutionary World ID, a monumental leap forward in the realm of identity verification. This advanced mechanism combines privacy-preserving protocols with "Proof of Personhood," ensuring authenticity without compromising individual privacy. The gateway to this transformative journey is the World App, a versatile wallet app designed to facilitate seamless engagement.
🌐 Orbs and the Convergence of Identity:
Venture into the world of Worldcoin and encounter the Orb, a tangible instrument of change that verifies World IDs. Operated by a network of Orb Operators, this physical imaging device employs cutting-edge multispectral sensors to validate both humanness and uniqueness. The result is a comprehensive and secure identity verification process that respects privacy.
💰 Token Empowerment and Beyond:
Unlock the potential of Worldcoin's utility token, WLD, which carries dual significance - utility and governance. Beyond conventional applications, the WLD token could permeate diverse spheres, from fine-tuning trading strategies to signaling community approval for visionary initiatives. As a gateway to participation and influence, the WLD token epitomizes empowerment.
🚀 Bullish Divergence: A Signal to Watch:
Amidst the nascent trajectory of Worldcoin, the emergence of bullish divergence beckons attention. This compelling trading signal, nurtured by market anticipation, offers prospects of a potential rebound and a coveted breakout from resistance levels. It's a dynamic dance between protocol evolution and market sentiment, promising a vibrant future.
🎯 Targets, Governance, and Beyond:
Worldcoin's innovative architecture extends beyond tokens and trading. With a strategic token allocation plan and aspirations of widespread distribution, the project ignites inclusive governance models. The journey ahead is paved with milestones and the promise of a redefined global ecosystem.
🛡️ Security Anchored in Blockchain:
Security stands as the cornerstone of the Worldcoin ecosystem. By deploying the WLD token contract on Ethereum Mainnet and leveraging the Optimism network's robust security, Worldcoin ensures a robust foundation, fostering trust and reliability.
In Retrospect: Unveiling the Future
As Worldcoin embarks on its transformative journey, its significance transcends market trends. From pioneering World ID to the versatile WLD token, this project offers a glimpse into an empowered and inclusive future. Stay engaged as we delve deeper, uncovering the profound impact of Worldcoin on the realm of cryptocurrencies and beyond. Embrace the voyage, embrace the potential. 🚀🌌
For a comprehensive understanding, refer to the Worldcoin whitepaper
Happy trading, and may the charts guide you to success! 📊🚀
WLD wait for LONG
As explained in the last comment of my previous analysis for WLD (see link below), I've been waiting for it to fall in this deviation area and get back to the range afterwards.
I'd bought some in the deviation area and will add more when the local trendline is broken.
The proposed SL is below $1.84 and Target is $2.5.