WOO Network (WOO) - Oversold + Bullish divergence

31 Mei 2022

On the above 2-day chart price action has corrected 90% since November. A number of reasons now exist to be bullish, including:

1) The ‘incredible buy’ signal.

2) Price action RSI resistance breakout.

3) Points 1 & 2 above is also true for the 2-day BTC pair (below).

4) Regular bullish divergence. (1-day chart below).

5) Wink wink nudge nudge - don’t know what I mean? Shame.

Is it possible price action falls further? Sure.

Is it probable? No.

Good luck!

Ww


Type: trade
Risk: <=6% of portfolio
Timeframe: 2 - 4 months
Return: 10x



2-day BTC pair


1-day Bullish divergence

1 Jun 2022

Dagangan aktif

3 Jun 2022

Nota

Have been asked if it is possible to forecast a near term target on this trade. The large time frames is more my thing folks, not a day trader and a rather poor swing trader. That said there’s a likely 160% move coming up should price action break out of the falling wedge as is shown on the 15hr chart below, which would be a return to April levels. Price action is trading inside an increasingly tight area with a breakout no later than June 10th. The near term target is a result of measuring the flagpole extension. Hope that answers the question!

21 Jun 2022

Dagangan aktif

24 Jun 2022

Nota

2-day BTC pair looks like

26 Jun 2022

Nota

up 40% so far

16 Jul 2022

Dagangan aktif

A signifiant move is seeming likely in the not too distant future, just can't say when.

18 Ogo 2022

Nota

Might be a good moment, current 4hr chart

5 Sep 2022

Dagangan aktif

** Close swing trades - be long **

Daily chart shows price action printing a higher low in ascending channel with multiple strong buy signals across multiple time frames following a 40% correction from the upper side of the channel since early August.



Bitcoin pair is similar

16 Nov 2023

Nota

Testing past resistance as support...

19 Dis 2023

Dagangan ditutup secara manual

Almost at local target of 60 cents

2-day