#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 trade ideas
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 COIN PRICE ANALYSIS AND POSSIBLE TRADE SETUPS IDEAS!!MIL:WLD Coin Update !!
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Worldcoin Price Analysis Reveals Potential Bullish BreakoutBINANCE:WLDUSDT has shown varied action over the past trading sessions. Recent closing prices have displayed a mix of upward and downward movements, highlighting a market that is currently in a consolidation phase. Despite the lack of a clear trend, examining key technical indicators can provide valuable insights for potential trading opportunities.
Focusing on key resistance and support levels, the first major resistance level to watch is $2.483. A break above this level could signal the beginning of a bullish trend. If the price moves past $2.483, the next significant resistance point at $2.745 could come into play, leading to substantial upward momentum. The upper resistance level at $2.78, if surpassed, might confirm a strong bullish reversal.
On the downside, the initial support level is at $2.258. Holding above this can prevent further downward pressure. A critical support level is found at $2.199, and a drop below this could accelerate the selling pressure. The lower support level at $1.835 may act as a strong defensive line against further declines.
Examining the Exponential Moving Averages (EMA), the 9 EMA currently trends below the 20 EMA, indicating a bearish sentiment in the short term. The prices hovering around these moving averages suggest a market in flux, waiting for a decisive move. Should the 9 EMA cross above the 20 EMA, it could be a signal for a bullish shift.
The Moving Average Convergence Divergence (MACD) values indicate a bearish trend, as the MACD line remains below the signal line. However, the histogram shows diminishing negative values, hinting at a potential slowing of bearish momentum. Traders should watch for a possible bullish crossover, which could signal a good entry point for long positions.
The Relative Strength Index (RSI) levels, hovering between 33 and 42, reflect a market that is approaching oversold conditions but is not yet there. An RSI below 30 would typically indicate a stronger buy signal, while a movement above 70 would indicate overbought conditions.
For those considering long positions, waiting for a break above the $2.483 resistance level could be prudent. This level acts as a potential entry point, with the target set at the next resistance at $2.745. A stop-loss order below the $2.258 support level could help mitigate risks.
Traders looking to short might consider entering around the $2.483 resistance level if the price fails to break above it convincingly. The first target could be the support level at $2.258, with a more aggressive target set at $2.199. Placing a stop-loss just above the $2.483 resistance can help protect against unexpected bullish moves.
WLD exhibits a blend of bearish and consolidative signals. The market is poised for potential movements, with key resistance and support levels providing guidance for traders. Monitoring these levels and the behavior of technical indicators can help in making informed trading decisions.
WLD aiming for another leg up
We have 3 important elements for a reversal:
- RSI divergence
- An impulsive wave
- A Higher High
The correction could be wave 2 or B, but in any case I expect short term highs soon.
Note that the green descending trendline could act as resistance, so let's keep an eye on that.
WLDSUDT Long IdeaWLDUSDT Long Setup on Wave Analysis
from 1.88 it started the elliot impulse move and completed the 1 2 3 4 5 impulse wave on 3.262
the corrective wave of ABC was completed at 2.523
by seeing the historical data we can witness that WDT made an impulse move on Daily TF which was completed at 11.84
As we can see WDT can move on impulse waves we can witness another impulse wave on 15Min TF which can lead us to 3.925
WLD gearing up for a 36% rally.Guys, keep an eye on WLD.
You can either enter at CMP or wait for the breakout above the resistance trendline for confirmation.
Stop loss: Close Position if the price breaks down and closes below the support trendline.
Leverage: 3x to 5x.
Targets: $2.925, $3.121, $3.255, $3.461, $3.579.
Not Financial Advice.
Trade safely.
#WLD #cryptocurrency
WORLD COiN: $1.20 a 3 to 5 year PLACEMENTinspired by Dan Browns ECHELON that eye in the sky big bro surveillance cam
DiGITAL FORTRESS
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buy and wait or DCA and wait or simply put on a trade and forget about it
this can immediately MOON to gap up beyond UNICORN yet price is regulated by the designated BROKERS churning before the big run up towards BTC Halving to make it sexier and worth it to fresh investors who missed Series funding seed placements
good luck LADS
WLDUSDT.P Long - Potential Uptrend ContinuatioRisk Management:
Always practice proper risk management.
Only riska small percentage of your capital per
trade.
Hashtags:
#crypto #cryptotrading #wldusdt
#longbuying
Disclaimer:
This is not financial advice.
Please consult with a qualified financial advisor
before making any investment decisions
Phemex Analysis #7: WLD Explodes! But Stay Rational PHEMEX:WLDUSDT.P has experienced a sharp price appreciation following the company's announcement of an extended token unlock schedule for early investors and team members. While such news typically catalyzes upward price movements, it's essential to approach these pump-driven rallies with a critical eye.
Historically, price increases primarily driven by short-term enthusiasm and speculation have often exhibited limited sustainability. Unlike rallies grounded in substantial project advancements or fundamental improvements, pump-driven movements are more susceptible to rapid corrections.
Given this context, a prudent trading strategy might involve securing profits near key resistance levels at $3.50 and $4.10. These levels represent significant psychological barriers and potential points of profit-taking for short-term traders.
However, a contrary perspective could emerge if the asset encounters strong selling pressure at these resistance points. In such a scenario, a potential buying opportunity may arise closer to the support levels of $2.10 and $1.80. These levels could act as areas of demand and potential price reversal.
It's crucial to emphasize that this analysis is based on current market conditions and historical trends. The cryptocurrency market is highly volatile, and unforeseen events can significantly impact price movements. As such, diligent risk management and a comprehensive trading plan are paramount.
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
WLDUSDT Will This Breakout Hold or Collapse? Yello, Paradisers! Are you ready to see if #WLDUSDT's recent breakout will lead to a bullish rally or a sharp decline?
💎#WLD has successfully broken out of its descending resistance with a strong green candle, signaling potential bullish momentum.
💎However, the price hasn't retested yet, and there's a high probability it might pull back to the demand zone at $2.41 before continuing its upward move towards the key supply level at $3.693. A break above this level is crucial for further upward movement toward our target area.
💎But what if WLD fails to break through and faces a hard rejection? In that case, we might see the price fall back into a support-resistance range, leading to sideways movement. Worse still, if WLD breaks below the support line, it could be a bad sign, causing the price to revisit the strong support at $2.066.
💎The bounce at this strong demand area is crucial. If WLD fails to bounce and breaks this support, the bullish scenario will be invalidated, and the price will likely dip further.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest-probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
#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