WOO Technical Analysis in a Weekly Timeframe
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Now, let’s dive into this chart analysis:
WOO is in a downtrend and is nearing the support trendline. It showed a rebound but failed to break above the 21 EMA resistance. WOO must break above the 21 EMA and the $0.255 resistance to confirm a bullish rally.
For now, accumulating WOO between $0.109 and $0.156 is likely a good entry range. In the long run, WOO is likely to reach its all-time high with a potential 5x gain.
Key levels:
- Support/Accumulation: $0.109-$0.156.
- Primary Resistance: $0.2060-$0.2554.
- Long-term Target: $0.8790.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
WOO is in a downtrend and is nearing the support trendline. It showed a rebound but failed to break above the 21 EMA resistance. WOO must break above the 21 EMA and the $0.255 resistance to confirm a bullish rally.
For now, accumulating WOO between $0.109 and $0.156 is likely a good entry range. In the long run, WOO is likely to reach its all-time high with a potential 5x gain.
Key levels:
- Support/Accumulation: $0.109-$0.156.
- Primary Resistance: $0.2060-$0.2554.
- Long-term Target: $0.8790.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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