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KinaStar

WOOUSD 🕯️ Touching Support Area from Rising Channel Pattern

WOO / TetherUS (BINANCE:WOOUSDT)  
KinaStar Updated   
BINANCE:WOOUSDT   WOO / TetherUS
Trend Analysis Chart Patterns Wave Analysis ichimokukinkohyo WOOUSDT woousd ichimoku_trader
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trendanalysis chartpattern waveanalysis ichimokukinkohyo woousdt woousd ichimoku_trader
We've got 2 things that could happen:
  1. It either breaks downward the rising channel it has been trading for a very long time and this means bears would take control so in that case:
    Bearish target would be: 0.15 - 0.17 area

  2. It resumes the uptrend and bounces off this support area as it has been doing for the past months and since NOV '22 actually. So it's been a very long and consistent pattern that has been playing out. I'd be cautious to go against it until a very good confirmation is in place.

    Bullish Target: 0.26 - 0.30 area

Happy trading and I'll keep updating as I see points of interest.
Regards,

🕯️ Kina 🕯️
Comment:
Confirm current support holds !
Trade closed: target reached:
Bearish target complete: 0.15 - 0.17 area
Success !
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