WLD buy/long setupAfter many drops, WLD is approaching the origin of the movement and a swap zone.
We are looking for discount ranges for buy/long positions.
We are looking for buy/long positions in the swap range. The swap range is actually within the discount range.
Closing a daily candle below the invlidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
WLD
WLD: Investment Analysis and StrategyWorldcoin (WLD) is trading at $2.318. Here’s a detailed analysis based on the provided charts and data.
Technical Analysis
Price Trends and Resistance Levels:
The trading volume is 511.987K WLD, indicating active trading but lower liquidity compared to larger cryptos like SOL.
Slightly bearish, with a histogram value of -0.003, MACD line at 0.040, and signal line at 0.043, suggesting caution.
%K at 48.52 and %D at 51.25, indicating a neutral stance.
The RSI stands at 56.93, suggesting that WLD is neither overbought nor oversold.
Fundamental Analysis
Market Position and Adoption:
Worldcoin is gaining attention for its unique approach to identity verification and decentralized finance. Its adoption and utility within its ecosystem are key drivers for long-term growth.
Technological Advancements:
Worldcoin’s innovative use of biometrics for identity verification and its integration into various DeFi applications provide it with a unique market position.
Ecosystem Growth:
The growth of Worldcoin’s ecosystem, including partnerships and new use cases, will be crucial for its long-term success.
Market Sentiment
Market sentiment for WLD is cautiously optimistic, with neutral technical indicators and a slight bearish signal from the MACD. Investors are watching for signs of a breakout from the descending trendline or a stronger confirmation of support.
Potential Market Scenarios
Bullish Scenario:
A decisive break above the $2.468 resistance could lead to further upward movement, potentially targeting higher resistance levels.
Bearish Scenario:
If WLD fails to break above the descending trendline and local resistance, it could retest the support levels at $2.287 and $2.106. A break below $2.106 could signal further declines.
When to Buy Worldcoin (WLD) for Long-Term Investment
Current Situation:
Given WLD's current price and the technical indicators, a cautious approach is advised.
Optimal Buying Strategy:
Wait for a Breakout or Dip: Watch for a breakout above $2.468 for bullish confirmation or wait for a dip towards the solid support level at $2.106.
Consider DCA Strategy: To mitigate the risk of market timing, consider a dollar-cost averaging (DCA) strategy by buying small amounts at regular intervals.
Conclusion and Market Outlook
Worldcoin (WLD) is currently navigating a critical range with significant support and resistance levels to monitor. While technical indicators suggest a neutral to slightly bearish short-term outlook, the long-term potential remains dependent on ecosystem growth and broader market conditions.
Impact of Bitcoin:
It's essential to note that Bitcoin (BTC) is currently at a crucial level. If BTC fails to surpass its all-time high and experiences a significant drop, it could negatively impact the broader cryptocurrency market, including WLD. Monitoring BTC's price action is vital for understanding potential risks to WLD's price movements.
#WLD/USDT#WLD
The price is moving within a descending channel pattern on the 1-hour frame and is expected to rise after it has been largely committed to it
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 2.05
We have a trend to stabilize above the moving average 100
Entry price 2.10
First target 2.23
Second target 2.33
Third target 2.45
Alikze »» ZEC| Break down structure🔍 Technical analysis: Break down structure
- It is moving in a downward channel in the weekly and daily time frames.
- So far, there have been several reactions to the dynamic trigger, the bottom of the channel, which has been met with short-term demands.
- Recently encountered a buy pressure candle in the $16 area.
- This buying pressure candle has been able to cause the swing to fail.
- Therefore, it can continue its growth with a pullback to a broken down structure, first to the top of the channel and then to the supply area.
💎 In addition, it should be noted that if the range of $25 downwards is broken and stabilized, the bullish scenario will be invalidated.
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BINANCE:ZECUSDT
WLD perfomance 7 months in 2024We have seen a sharp decline in altcoins recently. Including WLD. Looking at the whole process, WLD had a very strong price increase and then fell again. What are the buying and selling points? With the S1-TM strategy, we had 48 closed orders s, with a net profit of ~190% (including commissions). This is quite acceptable for autotrade.
NOTE: This is my personal opinion on this strategy. This is not investment advice!!!. The market always has risks and opportunities. Please consider carefully before making any decision!
#WLD/USDT#WLD
The price is moving within a bearish channel pattern on a 4-hour frame and broke it upward after adhering to it significantly.
We have a downtrend on the RSI indicator, and it has been broken to the upside, and we have a trend to hold above
We have a major support level in green at 2.10
We have a trend of domes above the Moving Average 100
Entry price 2.22
The first target is 2.55
Second goal 2.86
Third goal 3.20
WLDUSDT - Setting Up for the Next Bullish Move?Are the bulls back? With price rising by 89% in just 5 days. Let's now analyse the present retracement and our next Trade.
Bullish Run: During our previous bullish run, we witnessed high volume entering the market, which resulted in an 89% price increase in just 5 days.
Price Retracement: At this point, the price has retraced 34%, putting us in a fantastic purchasing position.
Long Trade Setup: Watching for Bullish Momentum
1.) Volume Monitoring:
Bullish Momentum: It is important to observe the volume carefully for indications of a resurgence of bullish momentum.
Range Formation: To provide a strong base for the following move, some consolidation or a range would be good.
2.) Buying Zone:
Entry Area: Exactly in line with important support levels, our buying zone is between $2.30 and $2.00.
3.) Target Levels:
Yearly Level and Fibonacci Confluence: The Fibonacci 0.382 and the negative Fibonacci 0.234 coincide to the yearly level, which is our first target region for profit taking.
Main Target: The Fibonacci 0.618 level, or roughly $4.70, continues to be the primary target for the long position. Here is the previous trading range where the price fluctuated for more than 56 days.
Strategy: Executing the Long Trade
Primary Entry: Enter a long trade within the buying zone of $2.30 to $2.00.
Volume and Price Action: Monitor the volume and price action closely to confirm bullish momentum.
Target Profits:
Initial TP: Aim for the yearly level and Fibonacci confluence area as the first take profit zone.
Main TP: Set the main take profit target at the Fibonacci 0.618 level around $4.70.
Fibonacci remains one of my favourite tools for indicating where to buy and take profits, a simple yet powerful tool.
What are your thoughts on this analysis? Are you ready to go long on WLD? Share your thoughts down below.
WLDUSDT reversal possibilityTrend Lines and Patterns:
The chart shows a descending yellow trend line indicating a downward trend.
There is an upward channel marked by a series of blue and orange arrows, suggesting a potential reversal and upward movement.
Support and Resistance Levels:
Key support levels are marked in red around 2.1932, 2.0727, and 1.8819. These are prices where the asset found buying interest and bounced back up.
Key resistance levels are marked in green at 2.4625, 2.2989, 3.5857, 3.7512, and 5.4107. These are prices where selling interest might increase and could potentially halt upward movement.
Potential Price Movements:
The chart suggests a bullish outlook with a projected rise to the green resistance levels at 3.5857, 3.7512, and 5.4107.
The blue rectangle and the percentage (186.38%) indicate a possible target move to 5.4107, which represents a significant increase from the current price of 2.1941.
Price Analysis:
The price has recently broken above the descending trend line, indicating a potential trend reversal.
If the price continues to follow the projected path (blue and orange arrows), it could encounter resistance at the identified levels before potentially moving higher.
In summary, after a significant downtrend, WLD/USDT may be preparing for a bullish reversal, aiming for the higher resistance levels, with a potential substantial price increase if the bullish momentum continues.
#WLD/USDT#WLD
Our price is moving downwards on a 4-hour frame and is about to break through to the upside in 3 stages
We have a bounce from the lower border of the channel from the green support area at 1.67
We have a tendency to stabilize above the Moving Average 100
We have an uptrend on the RSI indicator that is heading up
Entry price 1.73
First goal 2.10
Second goal 2.44
The third goal is 2.85
Worldcoin (WLD)The Worldcoin system revolves around World ID, a privacy-preserving global identity network. World ID enables users to verify their humanness online ("Proof of Personhood") while maintaining their privacy through zero-knowledge proofs. The WLD token is designed as a utility token with governance properties, empowering users by giving them a say over the future of the protocol.
Anyway, it is clear that WLD was moving in an ascending-inverted wedge pattern. Then, correction started and WLD broke the wedge downward. It seems correction is unfolding in a descending channel; so, the first sign for reversal should be WLD breaking the channel upward. Let's see what happens.