WOOUSD is trading inside a Channel Up since the November 22nd 2022 bottom.
The price is right now under the MA50 (1d), which technically indicates a bearish momentum.
Trading Plan:
1. Buy if the price closes a (1d) candle over the MA50 (1d).
2. Buy if it hits the MA200 (1d) first near the bottom of the Channel Up.
Targets:
1. and 2. The top of the Channel Up at 0.44000.
Tips:
1. RSI (1d) is on a similar level where the bottoms of December 19th 2022 and March 9th 2023 were formed. This may be an indicator that we are at the new bottom or close to it.
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The price is right now under the MA50 (1d), which technically indicates a bearish momentum.
Trading Plan:
1. Buy if the price closes a (1d) candle over the MA50 (1d).
2. Buy if it hits the MA200 (1d) first near the bottom of the Channel Up.
Targets:
1. and 2. The top of the Channel Up at 0.44000.
Tips:
1. RSI (1d) is on a similar level where the bottoms of December 19th 2022 and March 9th 2023 were formed. This may be an indicator that we are at the new bottom or close to it.
Please like, follow and comment!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.