While this isn't the best looking chart in the short-term, WOO Network is actually pretty strong.
Pause, join me and see what I see.
WOOUSDT D (Daily) TF
13-Aug. was full red for WOO, 14-Aug. was full green; full recovery of the previous day and a close daily above EMA10.
WOO Network hit a low in November 2022 together with Bitcoin and has been printing higher highs and higher lows since. While many Altcoins went on to hit new lows or lower lows in June and July, this isn't the case for this pair.
Here we can see how the support levels each time end up being higher and higher and this is the giveaway signal, a clear declaration of strength.
The first thing this tells us is that this pair is good for long-term hold. If it does not move lower when the time of correction comes, it means that it will hit new highs each time the time comes to move up.
The bullish cross is already visible on the MACD with green histogram.
✔️ I am seeing 0.47 as the target for this wave (145%) with a short/easy/fast stop at 0.30 for 60%, for those who don't want to wait.
We can say there are better charts but almost an entire year of higher lows? The initial wave earlier in 2023 went on for more than 240%, this one should also be good and 2024 massive.
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