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InvestingScope
Dec 14, 2023 6:37 PM

WOOUSD: Approaching the top of the Channel Up. Short

WOO NetworkCRYPTO

Description

WOO Network is overbought on the 1D technical outlook (RSI = 76.798, MACD = 0.020, ADX = 44.031) as it is almost at the top of the 17 month Channel Up. At least for the short term, this is an excellent level to short and target the HL trendline (TP = 0.25000). The previous two top rejections have hit at lest the S1 level.

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