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Worldcoin

WORLDCOIN will breakout soon?WLD 1-day timeframe analysis (re-count) WLD is now -88% from its all time high and is very concerning, its C wave indeed overlap with Wave 2 of the previous impulsive wave, this overlap does not violate any Elliott Wave rules, as long as the wave counts and degrees are correctly applied. 𝐓𝐫𝐮𝐧𝐜𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐓𝐫𝐢𝐚𝐧𝐠𝐥𝐞 𝐏𝐚𝐭𝐭𝐞𝐫𝐧𝐬: (We are now forming a triangle again in the final impulsive wave of the correction) In the case of a triangle (ABCDE): 𝐖𝐚𝐯𝐞 𝐄 can be shorter, and this is sometimes loosely referred to as "truncated," though it's not a formal term within Elliott Wave theory. 𝐖𝐚𝐯𝐞 𝐄 does not necessarily have to reach the trendline drawn from the ends of Waves A and C. It can fall short, creating what might be perceived as a "truncated" appearance. The invalidation level is indicated in the chart below. If it materializes, the potential reversal zone could range from $1.34 to $1.19. Please note, this is for educational purposes only and should not be considered financial advice.
by chase_ID
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.
Long
by SiDec
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. Note: We are excited to announce that our new PULSE 3.0 version has been released! Check it out! 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.
by Phemex
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🌴
Long
by MyCryptoParadise
WLDUSDT - Ready for a bullish rebound?After a challenging few months, WLD has dropped significantly in price and now appears to be undervalued. Let's break down the current market conditions and explore a potential long trade setup with a strong risk-to-reward (R:R) Current POC: The price should hold at the current Point of Control (POC) to build up bullish strength. Primary Entry: Enter a long trade at the current price level, focusing on the support at the POC. Stop-Loss Placement: Set the SL just below the POC to ensure a favorable R:R ratio. Target Profit: Aim for a TP at the old trading range, capturing the potential recovery in price.
Long
by SiDec
#WLDUSDT #2h (ByBit) Falling wedge breakout and retestWorldcoin regained 50MA support and is pulling back to it, road to 200MA resistance seems next. ⚡️⚡️ #WLD/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (5.0X) Amount: 5.2% Current Price: 2.416 Entry Targets: 1) 2.403 Take-Profit Targets: 1) 2.771 Stop Targets: 1) 2.219 Published By: @Zblaba MIL:WLD #WLDUSDT #2h #Worldcoin #Privacy worldcoin.org Risk/Reward= 1:2.0 Expected Profit= +76.6% Possible Loss= -38.3% Estimated Gaintime= 5 days
Long
by TradingOn