WLD looks bearish (4H TF)The WLD symbol has been bullish for several days. It has now reached a strong fresh resistance range. It seems to be forming a bearish triangle. It can fall while keeping the red area.To open a sell/short position, we must look for a confirmation or trigger.
For risk management, please don't forget stop loss and capital management
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WLDUSDT trade ideas
A short growth and then a fallThis digital currency is in a falling trend in one hour, but the possibility of a growth up to the limit of this trend is not far from expected.
Two important ranges of support and resistance for this currency have been identified in this analysis, according to which we can have a safe entry for this digital currency.
According to the explanations given in this video by means of technical analysis for this digital currency, we can determine the average entry for this currency.
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World Coin WLDUSDT Price Analysis (4h)BINANCE:WLDUSDT has formed an Ascending Triangle consolidation pattern, and while it typically signifies a bullish continuation, we should also consider the potential for a support line breakdown.
For a Bullish Breakout:
Targets are set at 1.816 - 2.064.
For a Bearish Breakdown:
Targets are set at 1.340 - 1.248.
Keep a close watch on the price action to gauge the pattern's direction. Happy trading! 📈📉
WLD/USDT on Binance Futures🚀 *Bitxer Signal Alert ID# 284-4
WLD/USDT on Binance Futures (10x to 20x Cross)
📈 Trade Direction: Short ⬇️
📈 *Entry Point:* 1.574 as want before
🎯 *Targets:*
🎯 Target 1: 1.550 🚀
🎯 Target 2: 1.540 🚀
🎯 Target 3: 1.533 🚀
🎯 Target 4: 1.499 🚀
🚀🚀🚀🚀🚀
🛡️ *Stop Loss:* 1.660
💰 *Risk Management:* Wallet Size - 3-4% (Protect those funds!)
🚀🚀 Ready to blast off with Bitxer signals! We've got our sights on those targets! 🌠🛸
$WLD performing symmetrical triangleMIL:WLD performing symmetrical triangle Keep eye on it
What Is a Symmetrical Triangle Pattern? Definition and Trading
What is a Symmetrical Triangle
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
KEY TAKEAWAYS
Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Many traders use symmetrical triangles in conjunction with other forms of technical analysis that act as a confirmation.
Symmetrical Triangles Explained
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. The pattern is also known as a wedge chart pattern.
The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low of the earliest part of the pattern applied to the breakout price point. For example, a symmetrical triangle pattern might start at a low of $10 and move up to $15 before the price range narrows over time. A breakout from $12 would imply a price target of $17, or $15 – $10 = $5, then + $12 = $17.
The stop-loss for the symmetrical triangle pattern is often just below the breakout point. For example, if the aforementioned security breaks out from $12 on high volume, traders will often place a stop-loss just below $12.
Symmetrical triangles differ from ascending triangles and descending triangles in that the upper and lower trendlines are both sloping towards a center point. In contrast, ascending triangles have a horizontal upper trendline, predicting a potential breakout higher, and descending triangles have a horizontal lower trendline, predicting a potential breakdown lower. Symmetrical triangles are also similar to pennants and flags in some ways, but pennants have upward sloping trendlines rather than converging trendlines.
As with most forms of technical analysis, symmetrical triangle patterns work best in conjunction with other technical indicators and chart patterns. Traders often look for a high volume move as confirmation of a breakout and may use other technical indicators to determine how long the breakout might last. For example, the relative strength index (RSI) may be used to determine when a security has become overbought following a breakout.
WLD has a bullish signal!
🎗#WLD/USDT 🎗
LONG
Leverage: (10.0X)
Entry Targets:
1) 1.59
2) 1.55
Take Profit Targets:
1) 1.71
2) 1.79
3) 1.86
4) 1.91
5) 1.96
6) 1.99
7) 2.04
8) 2.10
Stop Targets:
1) 1.22
🟡Chart is speaking it self!
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Thank you for seeing idea .
Have a nice day and Good luck
🔴This is only an idea and not a financial advise ( NFA )🔴
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