Worldcoin Full Green Candle (170% Bullish Potential)Here we have a full green candle, a big one...
➖ This is the analysis for WLDBTC (Worldcoin vs Bitcoin). You can find the WLDUSDT (Worldcoin vs Tether) trade-idea by visiting the 'Related publications' at the bottom of this post.
There are many ways to spot a bottom and the oscillators can be of great help; the MACD and RSI. Looking for divergences with these indicator can confirm any signals based on price action and candlestick reading.
We can see Worldcoin vs Bitcoin (WLDBTC) moving lower, and lower... Left side of the chart. In August, no more lower but instead the action switches to sideways. In late September, no more sideways but instead the action switches to bullish; the full green candle.
Here we are spotting the reversal based on price action.
The orange line is the resistance line. The full green candle broke right through it. Volume remains at the same daily average level. In this case, we can look at other exchanges and see if there is any volume signal available.
The bullish action is already happening and confirmed. We can say we are a bit late (to catch a bottom). But additional growth is possible and highly probable.
Thank you for reading.
Namaste.
