The weekly chart currently shows a bearish trend with potential for a reversal if the support levels hold. The indicators suggest that the market is oversold, which could lead to a bullish correction. However, the overall sentiment remains cautious, and confirmation of a reversal with increased volume and breaking above key resistance levels would be needed for a...
Bullish Indications: Multiple bullish engulfing patterns with significant volume spikes suggest strong buying interest. The presence of a Doji at the current price level indicates market indecision but also potential for a reversal. The current price is near the Fibonacci 0.0 level, which might act as strong support. NOT FINANCIAL ADVICE , DO YOU OWN RESEARCH
Bullish Scenario: If the price can break above the resistance level at $0.0077033, it may target the 0.236 Fibonacci level at $0.009729. A sustained move above this level could see the price reaching the 0.382 level at $0.018180. Bearish Scenario: If the price fails to hold the support at $0.006762, it could see further downside, potentially testing previous lows.
Potential Scenarios: Bullish Scenario: If the price holds above 2.7 and breaks the downward trendline, we can expect a rally towards the Fibonacci levels, with targets at 4.0, 5.5, and 7.0. Confirmation would come from a break above the trendline and increased buying volume. Bearish Scenario: If the price fails to hold the 2.7 support, we could see a further...
there are early signs of a potential bullish reversal, such as the oversold RSI and the formation of higher lows, the confirmation of a breakout would require: A decisive break above the descending trend line. Sustained increase in trading volume. Close above key Fibonacci levels, especially 0.236 and 0.382.
The oversold RSI and proximity to the lower Bollinger Band suggest a potential short-term rebound. However, this should be viewed as a corrective move unless confirmed by strong bullish signals, such as a break above key resistance levels and moving averages.
Worldcoin is experiencing a bearish phase and is in an oversold condition. This combination can often be seen as a signal that the downtrend might be nearing its end, and there could be a potential for a reversal. However, it's essential to consider other factors and possibly additional technical indicators before making any investment decisions.
WLD is likely to be pushed to the 10.50 area before potentially dropping lower. There may be a correction to the 7.05-7.50 area. The realization of this scenario is contingent on weakening bullish momentum. Traders and investors following this analysis should consider the potential for WLD Coin's price to reach the specified levels indicated in the short-term...
As i said on my previous TA we are in downtrend and hight inflation strategy. GMT is loosing the power and the market continues to fall more , my next target in few days is $0.87- $1.10 , today we will recover a bit and fall again , this is not a financial advice ,
This is not a financial advice- please do your own research - As you can see we are in downtrend at least till end of this month and we will see lower price coming in days , GMT is a good investment for long term and our target in a year would be $14-$20 , if you are agree or not please leave your comments and don’t forget to like and share .