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WOO / TetherUS

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WOOUSDT trade ideas

WOOUSDT CRABCrab The Crab Pattern is a volatile 5-point extension structure that was discovered by Scott Carney in 2000. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies between 0.382 and 0.618 and the PRZ consists of 3 converging harmonic levels: 1) 1.618 extension of the primary XA leg, 2) AB=CD pattern, either equivalent, 1.27 or 1.618 and 3) Extreme BC projection of 2.24, 2.618, 3.14 or 3.618. The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 2.0 extension of XA. Conservative traders may look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures on a chart.
by UnknownUnicorn38199698
RLinda ! WOOUSDT-> Breaking the downtrend. What's next?WOOUSDT. There is an interesting situation on the chart. It is worth paying attention to such things as: a false breakdown of support at 0.1507, resistance of the global downward channel and crossing the trend lines MA 50 and 200, which at the moment already play the role of support. We see the price breaking through the levels and trading in the long zone of the relative important zones at the moment. The price has entered the range of 0.1788 - 0.1507 and is forming a local upward momentum. I assume that the growth of the price may continue if the price can resist above these levels and does not fall down. The short-term target is the resistance range of 0.1788. and the medium-term target is the liquidity zone of 0.2226 Regards R.Linda!
Long
by RLinda
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