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Worldcoin

Is #Worldcoin on the Brink of Major Breakout or Steep Decline?Yello, Paradisers! Is #WLD on the edge of a major bullish breakout or a steep decline? Let's discuss the latest #Worldcoin's analysis: 💎#WLDUSDT recently broke out of its descending channel resistance, sparking hopes of a bullish continuation. However, the rally is now facing a critical test at the $2.87 resistance level, which has halted upward momentum. 💎This minor resistance zone is a key inflection point; a clean break above it could confirm a bullish trend reversal, paving the way for #Worldcoin to target significantly higher price levels. Such a move would signal market confidence and mark a pivotal shift in market structure. 💎The downside risks, however, cannot be ignored. If #WLD fails to break above $2.87, it may retrace to test the major support level at $1.57. This area, aligned with a previous significant low, acts as a crucial safety net for buyers. A failure to hold this support would likely lead to a retest of the $1.29 demand zone, the final line of defense for bulls. 💎If #WLDUSDT closes below $1.29 on the daily chart, the bullish case would be entirely invalidated. Such a move would confirm a bearish outlook, increasing the probability of forming new lower lows and triggering deeper declines as market sentiment deteriorates further. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
WLD Surge 28% as Global ID Verification Expands to 40+ CountriesWorldcoin ( MIL:WLD ) has experienced a remarkable 28% price surge as its World ID initiative expands to over 40 countries, igniting increased interest in this ambitious decentralized ID project. The expansion aligns with Worldcoin's commitment to a secure, global identity verification system using biometric technology, specifically through its controversial iris-scanning Orbs. This significant growth has not only bolstered WLD’s adoption but has led to a substantial increase in trading volume, with 76% higher activity in recent days, signaling renewed investor interest. Worldcoin's Expansion Driven by a vision to tackle identity verification on a global scale, Worldcoin, co-founded by OpenAI's Sam Altman, has introduced its World ID initiative in diverse regions, including Costa Rica, Poland, and Austria. The program has seen strong adoption, with more than 16 million verified users as of this week. These advances signal Worldcoin's growing influence, as it aims to address digital identity security concerns while mitigating fraud and misuse. The World ID project has also made strides in Latin America, where the introduction of biometric Orbs in countries like Colombia, Ecuador, and Guatemala has extended Worldcoin’s footprint. Altman recently praised CEO Alex Blania’s leadership, highlighting Worldcoin’s resilience despite regulatory challenges and the project's substantial growth. Regulatory Landscape: Navigating Privacy Concerns As Worldcoin expands, it faces ongoing scrutiny, especially concerning biometric data privacy. Authorities in Spain, Germany, and South Korea have raised privacy concerns, and Kenya has temporarily halted Worldcoin’s operations due to these issues. However, Worldcoin’s persistence in the face of such challenges reflects its commitment to navigating complex regulatory landscapes to establish a secure digital ID system on a global scale. Immediate Price Impact Following the user base growth, WLD’s trading activity has surged. The token price currently sits at $2.40, a 38% gain from its support level and a 66% increase over the past week. Trading volume has increased by 76.56%, reaching $2.38 billion, with open interest also up by 38.51%, amounting to $346.38 million. This influx of new funds generally indicates a bullish outlook, suggesting that WLD’s momentum could potentially carry it past the $3.00 resistance level if buying pressure remains strong. Key Indicators Technical indicators show promising signs for WLD. The Money Flow Index (MFI) stands at 70.51, nearing the overbought threshold, while the Chaikin Money Flow (CMF) reflects moderate buying pressure. However, should WLD approach the critical $3.00 resistance level, a short-term pullback might occur if buyers begin to lose interest. Institutional Interest Worldcoin’s recent growth is underscored by notable activity from large investors. Over the past week, transactions valued at over $100,000 totaled $236.93 million, signaling a significant level of institutional involvement. Approximately 45% of MIL:WLD holders are now "in the money" at the current price level, reflecting market optimism regarding Worldcoin's potential long-term value. These large-scale transactions provide a robust foundation of confidence as the project continues to expand. Technical Outlook Despite WLD's positive trajectory, some challenges remain. The cryptocurrency recently dipped by 2.53%, diverging from broader crypto market trends where Bitcoin and other major assets saw gains. Technical indicators present a mixed picture, with the RSI at 62 signaling a bullish stance. However, if WLD's price continues to hover around the current level, it could test the support point at $2.077. A strong hold at this level might pave the way for a new upward move, especially if the overall crypto environment remains favorable—currently evidenced by a Fear and Greed Index of 89%. Conclusion: Is $3.00 Within Reach? Worldcoin’s recent expansion into new territories and its focus on solving digital identity verification issues have spurred significant growth in WLD’s price and trading activity. While regulatory scrutiny persists, the project’s forward momentum, robust institutional interest, and positive technical indicators suggest that WLD could soon test the $3.00 resistance level. However, a careful watch on buying pressure is advised, as a decrease could lead to consolidation around its support level. As Worldcoin’s global ID system gains traction, the future looks promising for WLD investors who see value in the token’s unique approach to decentralized identity verification. The coming weeks will reveal whether WLD can sustain its current pace and break new price thresholds.
Long
by DEXWireNews
World Chain Eyes Ethereum Layer 2 Expansion With New IntegrationWorld Chain, an AI-driven crypto project backed by Sam Altman, is making significant waves in the market with its latest strategic move. The project has officially announced the integration of 'Across' to streamline cross-chain transactions and further its expansion into Ethereum Layer 2, an endeavor that has sparked widespread discussions among crypto enthusiasts. This advancement, alongside the coin’s ongoing price activity, has fueled speculations on whether Worldcoin ( MIL:WLD ) could achieve the ambitious target of $5. Developments: Integration of 'Across' On November 1, World Chain revealed its collaboration with Across, an established cross-chain bridge known for facilitating efficient and cost-effective transactions across multiple EVM-compatible blockchains. This strategic integration positions World Chain as a formidable player in the Ethereum Layer 2 space, enabling the project to provide secure and affordable cross-chain transfers right from the start. With the addition of Across, developers on World Chain can now harness native interoperability to build powerful cross-chain applications. Moreover, users can seamlessly bridge key assets like ETH, wETH, USDC, and wBTC, bolstering World Chain’s ecosystem and attracting a broader user base. The project has also adopted ERC-7683, a cutting-edge swapping standard co-developed by Across and Uniswap, adding a new layer of functionality to its network. Market Sentiment and Potential Price Movement Despite these promising advancements, WLD’s market performance has been mixed. At the time of writing, MIL:WLD is trading at $1.93, reflecting a 2.13% intraday decline. The token has experienced volatility, with its 24-hour low and high recorded at $1.85 and $1.99, respectively. Over the past month, however, MIL:WLD has gained 15%, demonstrating resilience and the potential for growth. Crypto market participants remain cautiously optimistic about WLD’s future, especially in light of the project’s Ethereum Layer 2 expansion. Nevertheless, a $5 price target appears overly ambitious under the current market conditions. Data from Coinglass indicates a 4% drop in WLD’s futures open interest (OI) to $214.60 million, hinting at mixed investor sentiment and uncertain price prospects. Technical Analysis From a technical standpoint, MIL:WLD is facing significant hurdles. The coin is trading within a falling trend channel, with no signs of a breakout. The RSI (Relative Strength Index) is hovering at 36, indicating oversold conditions and weak momentum. The lack of positive price action comes amid lingering concerns over Worldcoin’s controversial iris-scanning technology, which has faced regulatory scrutiny in several countries. Crucially, MIL:WLD is approaching a critical support level at $1.50, aligning with its one-month low. This support level could serve as a key pivot point, potentially triggering a rebound if buying pressure increases. However, for MIL:WLD to sustain a meaningful rally and aim for higher price targets, it must overcome the 200-day exponential moving average (EMA) and break past the resistance level at $3.00. Path to $5: A Long-Term Vision While a $5 price target may seem far-fetched in the short term, there are scenarios where MIL:WLD could achieve this milestone. The successful execution of its Ethereum Layer 2 strategy could drive greater adoption, especially if transaction fees and network efficiency improve as promised. Additionally, if World Chain’s AI-meets-crypto model gains traction and the project’s user base expands globally, the token’s valuation could see a significant boost. Nevertheless, the road to $5 is fraught with challenges. The project must overcome technical resistance levels and mitigate negative sentiment surrounding its biometric technology. Market conditions and broader crypto trends will also play a pivotal role in shaping WLD’s future price trajectory. Conclusion World Chain’s integration with Across marks a pivotal step in its quest to become a leading Ethereum Layer 2 player. While the move has bolstered the project’s fundamentals, WLD’s technical outlook remains under pressure. The coin’s journey to $5 will require overcoming substantial hurdles, but with strategic execution and market support, Worldcoin ( MIL:WLD ) could potentially turn the tide. For now, investors are watching closely, waiting for signs of a momentum shift as MIL:WLD continues to navigate its evolving landscape.
by DEXWireNews
2
WLD Worldcoin - Sam Altman's vision for the futureWorldcoin, founded in 2019 by OpenAI CEO Sam Altman, alongside Max Novendstern and Alex Blania, is rapidly gaining momentum as one of the most innovative projects in the crypto space. Backed by $250 million in funding from top venture capital firms like Andreessen Horowitz, Khosla Ventures, and tech visionary Reid Hoffman, Worldcoin is part of Altman's larger vision for the future. The project's core mission is to create a global identity verification system by assigning every individual a unique digital signature, verified through iris scans using a device called the Orb. This ambitious approach to proving "humanness" has the potential to revolutionize the way we interact with digital systems, creating new possibilities for secure transactions and decentralized identification. Currently, Worldcoin’s token, WLD, is sitting at a strong support level of $1.4. With growing interest in the project and its potential to reshape digital identity, I expect WLD to rally towards the $2.6 resistance by the end of the year. As Worldcoin continues to develop, it could become a major player in both the crypto and tech landscapes.
Long
by TopgOptions
WLD | WORLDCOIN & Sam Altman 🌎What if I told you, all you need to do to get free money is to look into this Orb! would you do it? Worldcoin wants to give everyone free crypto in exchange for scanning their eyeballs which at this time, over 2 million people have signed up The project has garnered serious attention and has early investors such as Andreesen Horowitz, Coinbase Ventures, LinkedIn Cofounder Reid Hoffman, Solana founder Anatoly Yakovenko, Polkadot founder Gavin Wood and even the infamous degen SBF himself! In March 2022, a funding round brought Worldcoin’s valuation to an eye watering $3 billion. The price of Worldcoin is $2.2 today with a 24hour trading volume of 300 million dollar but Why are VCs pouring money into Worldcoin and why does Worldcoin want your eyeballs ?! Tools for Humanity, the company behind Worldcoin, is co-founded by Alex Blania and Sam Altman.you might be more familiar with Sam as he is also the founder behind OpenAI, the company behind the AI chatbot ChatGPT, which took the world by storm since its release in November last year. The wild success of ChatGPT also spawned an AI arms race between tech giants, which probably means AI will only get more advanced from now. The rapid advancement in AI is now worrying the public as AIs are now able to ace the SAT, create increasingly convincing deepfakes, and probably most concerningly, remove the need for humans in the workforce. Perhaps it’s a coincidence, but Sam has a solution for the identity problem as well as for aiding people whose jobs are taken by AI…Worldcoin. In a world set to be increasingly impacted by AI, Worldcoin purportedly aims to provide individuals a way to verify ‘personhood’ as well as access to universal basic income.To achieve this, Worldcoin is attempting to create a global digital identity and financial network using blockchain technology. Worldcoin is currently testing its smart contract on the Polygon Network but is in collaboration with Ethereum Layer2 Optimism to build on and migrate to its network.The team has launched World App in May, a non custodial wallet which enables its users to transact with the Worldcoin token and a few other cryptos, as well as interact with dApps on the Ethereum ecosystem. However, the key feature of World App is enabling World ID,Its is a global digital passport that allows users to prove their identity while preserving their private information through the use of cryptography and zero knowledge proofs. World ID can help establish ‘proof of personhood’,meaning to prove that someone is a real, unique human. Proof-of-personhood could be useful to prevent the spread of misinformation by realistic AI-generated content, as well as limiting Sybil-attacks, which are basically online attacks where a single attacker assumes multiple fake identities to gain influence over a network. As World ID gets more adoption, it’s meant to be used as a method to sign in to websites, mobile apps, and crypto dApps, perform actions such as voting in DAOs or even government elections, as well as receiving aid from NGOs and government programs. As of now, to obtain a verified World ID,users are required to gaze into the infamous Orb. The Orb will perform an iris scan and a machine learning algorithm within the Orb will ensure that the eyeballs scanned are indeed real human irises and not something else, like colored contact lenses or... a cat. Then the iris scan will be converted to a hashcode or as Worldcoin calls it, ‘IrisHash’. As soon as the code is generated, the Orb supposedly deletes any images from the scan. Within the Orb, the IrisHash is encrypted with a private key before being uploaded on-chain and cross-checked with the existing catalog of IrisHashes. If the IrisHash does not match any records,it will be added to the catalog. When Worldcoin launches, each verified World ID owner will then be eligible to claim their one-time airdrop of MIL:WLD tokens. which worth 50$ right now Many have asked why World ID needs iris scans for proof-of-personhood.Supposedly, it’s because the human iris has a very high degree of randomness, making it a much more effective biometric than faces or fingerprints to differentiate between billions of individuals and establish proof-of-personhood. Unsurprisingly, Worldcoin’s decision to create a global digital identity network using iris scans has raised a lot of eyebrows, understandably so due to its uncanny similarity to what you’d see in a Black Mirror episode. Just as Worldcoin was introduced back in October 2021, NSA whistleblower Edward Snowden slammed the use of iris scans. Although Worldcoin has promised that the iris scans will not be saved, Snowden pointed out that the hashcodes produced by these scans are still saved and would match future scans, and that the use of zk-proofs doesn’t justify the use of biometrics for anti-fraud. There is also pushback from the crypto community- some argued that the ability to use multiple accounts in Web3 for privacy is a feature, not a flaw; and though most agreed that Web3 is in need of protection against sybil-attacks, it is not necessary to have 100% sybil-resistance as long as there is a method that can prevent a large enough percentage of sybils. Additionally, MIT Technology Review released a damning report last year against Worldcoin on the revelations upon investigating Worldcoin’s field testing.Much of its early field testing is conducted in poorer, developing countries such as Indonesia,Sudan and Kenya where data privacy regulations are weaker and whose communities were the most financially impacted by the pandemic. The lengthy report revealed that Orb operators were given limited information during recruitment, other than being made aware that their payment is based on the number of signups they achieve. Operators were then employing strategies such as hosting giveaways of cash and Airpods to encourage sign-ups while providing participants little information on Worldcoin’s campaign. On top of that, Worldcoin claimed that only an iris scan is needed for sign-ups.However, orb operators also requested email addresses and phone numbers of participants, which a Worldcoin representative denied as part of the data collection practice. A black market for verified iris scans has even popped up in China where the Worldcoin app isn’t supposed to be available, though the Worldcoin team is attempting to contain the issue. Furthermore, the project was found to have made contradictory claims of compliance with EU data regulations and was accused of lacking transparency in its data collection practices. While it seems that Worldcoin is neck-deep in controversies, the project has just received another $115 million in a series C funding round last month. Onboarding billions of people to create a global digital identity and financial network to distribute universal basic income is a tall order. With the backlash it's getting from its field-testing and many wondering if Worldcoin is simply a cover for mass data collection, it remains to be seen whether Worldcoin can deliver on their promises. Unlike offshore exchanges, none of the U.S.-based cryptocurrency exchanges such as Coinbase Kraken has Worldcoin listed. Worldcoin notes that WLD tokens are not available to persons or companies residing in the United States, however World ID and TFH's World App are still available in the United States. also the founder of the security agency Slow Mist said that if Worldcoin succeeds, it will be an evil product, but there is a high probability of failure. the iris is almost the most stable and long-lasting unique mark of human beings. The promise of the Worldcoin white paper is good, but it is still possible for hackers to paint a portrait through the hash information!
by moonypto
23
WorldCoin Tech Review Technical Overview: 1. General Market Sentiment (1D Chart Analysis): The overall market sentiment for WLD/USDT on the daily chart shows strong potential for upward movement, confirmed by both oscillators and moving averages. Here’s a breakdown: Oscillators (1D): The Momentum and MACD Level on the 1D chart are generating Buy signals, indicating short-term upward momentum. Other oscillators like the RSI and Stochastic are neutral, giving space for further upward price movement before reaching overbought conditions. Moving Averages (1D): Most short to medium-term moving averages (EMAs and SMAs) point to a Strong Buy signal. However, the long-term moving averages (100, 200) indicate a bearish outlook, suggesting potential resistance levels at higher prices. 2. Intraday Momentum (4H Chart Analysis): From the 4H chart provided, we see additional insights for more precise intraday movements: Price Action: The asset is currently testing the resistance zone near 1.99 USDT and seems poised to attempt a breakout. A noticeable trendline has been drawn from the previous lows, and the price has respected this trendline multiple times. The trendline suggests support at 1.72 USDT. If the price retraces, this level would be a strong buying opportunity for conservative traders. The 1.50-1.70 USDT zone is also reinforced by the volume profile, showing significant accumulation and historical buying support. A bounce from this zone would be expected if the price retraces here. Volume Profile: The visible range volume profile shows strong demand between 1.50 USDT and 1.72 USDT, with a breakout above 1.99 USDT possibly driving the price higher toward the 2.20-2.50 USDT range, where the next major resistance zone lies. RSI and Momentum (4H): The RSI on the 4H chart is trending upward but still below overbought levels, meaning there is more room for the asset to appreciate in the near term. MACD also shows a bullish crossover, further supporting the upward momentum. 3. Key Support and Resistance Zones: Support Levels: 1.72 USDT: A critical support level, coinciding with the trendline and previous price action. If the price retraces here, this could provide an excellent buying opportunity. 1.50-1.55 USDT: Strong demand zone with significant accumulation, marked by the volume profile. Any dip towards this area could also offer a favorable entry point. Resistance Levels: 2.00-2.05 USDT: Immediate resistance zone that needs to be broken for further upside potential. 2.20-2.50 USDT: This is the next major resistance level, likely to be tested if the price breaks above 2.00 USDT convincingly. Entry & Exit Strategy: Conservative Entry: Wait for a pullback to the trendline around 1.72 USDT and enter at this level if the price respects the trendline. This offers a low-risk, high-reward entry point. Set a stop loss slightly below the 1.70 USDT level to avoid deeper retracements. Aggressive Entry: Enter the trade on a breakout above 2.00 USDT, confirming with a close above this level. Set a buy stop at 2.05 USDT to capture the breakout. Place a stop loss below 1.90 USDT to minimize losses in case of a failed breakout. Profit Targets: The first target can be set around 2.20-2.25 USDT, as this will be a key resistance zone. A second target at 2.50 USDT can be considered if the bullish momentum continues, riding the upward trend. Risk Management: Keep risk exposure low, especially in volatile conditions. Risk only 1-2% of your capital on the trade, with position sizing adjusted accordingly based on your stop loss distance. Potential Scenarios and Trading Methods: Scenario 1: Breakout Above 2.00 USDT If the price breaks 2.00 USDT and holds above this level, expect upward momentum to continue toward 2.20-2.50 USDT. This will likely be accompanied by increasing volume, confirming the bullish momentum. Strategy: Aggressive entry with a focus on trailing stop losses as the price advances. Scenario 2: Pullback to 1.72 USDT Should the price retrace to 1.72 USDT, expect a bounce from the trendline and volume accumulation area. This would offer a solid risk-reward setup for a long trade. Strategy: Conservative entry with a stop loss below 1.70 USDT, targeting 2.00-2.20 USDT. Scenario 3: Sideways Consolidation If the price continues to hover between 1.80 USDT and 2.00 USDT without clear momentum, you might consider scalping or range trading opportunities. Strategy: Enter near the lower range of 1.80 USDT and exit near 2.00 USDT, capturing small but consistent profits. Final Thoughts: The overall setup for WLD/USDT looks promising, with clear bullish signals on the 1D chart and confirmation from the 4H chart that momentum is building. Watch for a confirmed breakout above 2.00 USDT or a retest of the 1.72 USDT trendline for optimal entry points. Proper risk management and a close eye on key levels will help in capturing potential gains while minimizing downside exposure.
Long
by TheMoneySpark
WORLDCOIN to $100! BUY before its TOO late!... JBPredictionsBUY AND HODL! -by spot- 6 reasons to buy WorldCoin now: 1. Technological innovation and privacy* Worldcoin uses advanced identity verification technology through biometrics, with a focus on anonymity and privacy, making it an attractive option for those who value security in transactions. 2. Global decentralization* Worldcoin's mission is to distribute its cryptocurrency to a large number of people around the world, which can make it more accessible compared to other cryptocurrencies. This has the potential to encourage mass adoption, especially in developing countries. 3. Access to an inclusive digital future* Worldcoin seeks to democratize access to the global digital economy, allowing anyone with Internet access to participate in the cryptocurrency ecosystem. This goal could increase the demand and value of the coin over time. 4. Early investment opportunity* As a relatively new cryptocurrency, those who purchase Worldcoin in its early stages can benefit from the potential growth in its value if it achieves mass adoption and establishes itself as a strong currency in the market. 5. Support and founding team* Worldcoin was co-founded by Sam Altman, former CEO of Y Combinator, one of the most prestigious accelerators in Silicon Valley. Their experience and connections can inspire confidence in the currency's future success. 6. Utility potential in decentralized applications (DApps)* Worldcoin could be used as a native currency for decentralized applications that leverage its identity system, increasing its utility and adoption. Take profits: $75, $100, $125. Use a proper risk management and dont put all your eggs in a pocket. JB.-
Long
by JBPip
WORLDCOIN to $5?WLD has the worst tokenomics right now and is programmed to slow rug 📉🩸. WLD currently has a daily unlock of 3.4 Million tokens ($4.75 million) and monthly unlock of 102 million tokens ($140 million). Worldcoin investors receive 1.3 million WLD daily and worldcoin team receive 1.8 million tokens daily 💩. That's a high sell pressure of $140 million monthly considering that MIL:WLD circulating marketcap is only $600 million. 👉 I think short-term pump and dumps should be expected more often on WLD to attract buyers for exit liquidity but for long-term price forecast.
by chase_ID
WORLDCOIN will breakout soon?WLD 1-day timeframe analysis (re-count) WLD is now -88% from its all time high and is very concerning, its C wave indeed overlap with Wave 2 of the previous impulsive wave, this overlap does not violate any Elliott Wave rules, as long as the wave counts and degrees are correctly applied. 𝐓𝐫𝐮𝐧𝐜𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐓𝐫𝐢𝐚𝐧𝐠𝐥𝐞 𝐏𝐚𝐭𝐭𝐞𝐫𝐧𝐬: (We are now forming a triangle again in the final impulsive wave of the correction) In the case of a triangle (ABCDE): 𝐖𝐚𝐯𝐞 𝐄 can be shorter, and this is sometimes loosely referred to as "truncated," though it's not a formal term within Elliott Wave theory. 𝐖𝐚𝐯𝐞 𝐄 does not necessarily have to reach the trendline drawn from the ends of Waves A and C. It can fall short, creating what might be perceived as a "truncated" appearance. The invalidation level is indicated in the chart below. If it materializes, the potential reversal zone could range from $1.34 to $1.19. Please note, this is for educational purposes only and should not be considered financial advice.
by chase_ID
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.
Long
by SiDec