WOO/USD - Buy Opportunity Approaching! Woo under $1! 😎Missed on Binance's BNB Coin or Kucoin's KCS Token? I present you WOO Network, the hottest & cheapest exchange to trade on with no fees for limit orders. Plus you can stake your WOO token on the exchange...
Binance invested $12 millions in WOO Network... follow the money. WOO token seems to be a great long term hold as a juicy exchange token with promising potential.
Now for the TA:
WOO had a nice rally at the start of 2022, but now the trend has reversed and it seems WOO token will likely fall to a lower support level as indicated by the chart.
On the daily timeframe both the MACD and RSI are falling and the OBV has been bearish for a while now.
All this indicates that the support at $0.90 may not hold this corrective move and Woo is due to fall lower.
If price breaks the key support level then probably WOO will fall back towards $0.60 which should provide a great buy opportunity. Ideally you want to DCA on the way down.
I'd be surprised for WOO to fall lower than $0.65.
Bias is bearish in the near term, so get your powder ready in case we drop to BUY and HODL some or stack it. Woo is a good long term hold.
If we bounce here, then the top of the ascending channel will act as resistance.
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