Salaam
After a long time, I'm here to share with you my thoughts:
WOO is located just below the descending channel.
Today we have CPI numbers that are important for crypto.
WOO is also located in the falling wedge that expects to break to the upside.
In this case, we could see a 50% relief rally for WOO.
RSI only breaks the MA to the upside and could do a retest.
Remember in such important news, we usually see opposite moves from the market before true movements.
You could check the result for CPI here:
www.forexfactory.com/index.php
Managing your risk is the most important item for keeping the account live and see growing!
Good luck,
After a long time, I'm here to share with you my thoughts:
WOO is located just below the descending channel.
Today we have CPI numbers that are important for crypto.
WOO is also located in the falling wedge that expects to break to the upside.
In this case, we could see a 50% relief rally for WOO.
RSI only breaks the MA to the upside and could do a retest.
Remember in such important news, we usually see opposite moves from the market before true movements.
You could check the result for CPI here:
www.forexfactory.com/index.php
Managing your risk is the most important item for keeping the account live and see growing!
Good luck,
Comment:
The falling wedge revised:
