Wormhole potential swing long not sure if this'll get a run-up into the LayerZero launch but the bidded on the slowing sell pressure (see C-fork) with presumed resistances at or near the May Monthly high, and the Weekly equal highs (if it sustains).
if no unlocks/whales seling/etc., this should work out.
Wormhole
[LONG] Wormhole going for the binance listing pattern (part 2)After the first run Wormhole is giving another chance at a strong demand level.
buy: 0.50~0.55
target1: 0.634
mid channel. you can move your SL to entry at this point
target2: 0.748
upper band. take out half position here
target3: 1.11
first dead cat bounce top. here most spot buyers that got trapped will sell. don't risk your gains and close the position.
Let's see if this time it can reach the 3rd target!!
part 1:
Wormhole W price at consolidation, where next ?It's been 2 months since the #Wormhole airdrop and listing.
The price of #WUSDT has managed to drop significantly and move into a consolidation phase.
⁉️ Question:
1️⃣ will the NYSE:W price be accelerated now with a parabolic amplitude?
2️⃣ Do we need another correction to the $0.55 area and then growth according to the blue scenario?
What do you think?
It seems that in both cases, the #WUSD price should be accelerated to $1-1.10
_____________________
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Trade Idea for Wormhole (W) - Accumulation StrategyWormhole (W) is currently priced at approximately $0.65660, with a market cap of $1.19 billion. The token has shown some volatility, with a 24-hour low of $0.62410 and a high of $0.66720. This price action offers potential buying opportunities within a strategic trading plan.
Start by purchasing W at the current price of around $0.65660. This entry point lies near the lower end of the recent price range, potentially maximizing gains if the market rebounds.
If W's price further drops to around $0.62775, consider this a key level for additional purchases. This allows for averaging down the entry price and capitalizes on broader market movements.
Establish a series of take profit targets to capitalize on potential price recoveries. Begin taking profits at $1.05, followed by subsequent targets at $1.20, $1.40, $1.60, and $1.80. These targets are set to capture profits at key psychological levels as the market potentially appreciates in value.
The price performance of W over recent months has been subject to significant swings, indicative of both underlying volatility and active trading interest. Given Wormhole’s role as a prominent interoperability platform, it harnesses substantial utility within the blockchain ecosystem, which could drive its value upwards as cross-chain communication becomes increasingly pivotal.
This strategy suggests a higher risk tolerance, given the omission of a stop loss. It's suitable for investors with a longer-term horizon who can withstand potential downturns in price.
Wormhole's strategic significance in enabling interoperability across various blockchain networks, coupled with its current market valuation, presents a compelling case for accumulation. The staggered profit targets aim to optimize returns from volatility, capturing value as it accrues.
This trade idea is based on current market dynamics and the strategic role of Wormhole within the blockchain ecosystem as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
#W/USDT | Wormhole#W
The price is moving in a downward channel and adheres to it perfectly on a 30-minute frame, about to break to the upside.
The currency has been listed on more than one trading platform, which gives it a strong bullish momentum
We have a downtrend on the RSI indicator about to occur. The fraction is up
Entry price is 1.06
The first goal is 1.19
The second goal is 1.39
the third goal is 1.60
Wormhole(W) is Ready to Pump🚀➕20%_40%🚀💡Today, I want to analyze the Wormhole(W) project for you, which has been listed in different exchanges for less than 3 days .
📚What Is Wormhole(W)❗️❓
🔸Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
🔸The wider Wormhole network is trusted and used by teams like Circle and Uniswap, and to date, the platform has facilitated the transfer of over 35 billion dollars through over 1 billion cross-chain messages.
🏃♂️ Wormhole(W) is currently moving near the 🔴 Resistance zone($1.050-$0.997) 🔴and Resistance lines ( the upper lines of the wedge pattern) .
📈From the point of view of Classical Technical Analysis , Wormhole(W) seems to have succeeded in forming a Falling Wedge Pattern .
🔔I expect Wormhole(W) to start going up (🚀40%🚀) to the 🔴 Resistance zone($1.280-$1.200) 🔴 after touching the 🟡 Potential Reversal Zone(PRZ) 🟡.
❗️⚠️Note⚠️❗️ : If Wormhole(W) breaks the 🟡 Potential Reversal Zone(PRZ) 🟡 , the analysis will fail (if Wormhole(W) breaks the 🔴 Resistance zone($1.050-$0.997) 🔴, it will be a more reliable entry point).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Wormhole analysis (WUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
$wLUNA / $wLUNC - Number Go Up 🤞Medium term PT for $wLUNA / $wLUNC; Using fibs and traditional TA.
Catalyst: Potential Coinbase Acquisition
Modified Wormhole Analysis: AUDUSD EditionSo as you can see here we are entering into the wine glass, which I expect will lead us to my 1st PT for this short of the Skype icon. I think we can see a retrace wrap around in the S which should be a tight range. You can really ignore the ATR and price levels, focus on the inverse moon price target the wormhole analysis has generated.