#WOO DAILY ANALYSIS
IN ASCENDEX- HOUBI- KUCOIN &...
According to the pattern of triangles formed on the chart, it is possible that in the next one to three months one of the targets
If the price goes below $ 0.20, this solution will be canceled.
Mostly a RR play banking on a potential false break. Tight stops for a quick out when things go against me. Minimum target is 55c which is 3.7R. Could go way higher but we'll see.
Note this is a low probability high RR play. I like these moves and have studied them but like anything else in this business, they don't always work.
Launch of the Woo Exchange is a matter of days away. Chart looks a little iffy though and a couple of levels on the LTF need to be flipped for me to feel better. Could certainly see the launch being priced in and a sell the news event occurring if these levels aren't flipped soon.
Ultimately though, Woo has a very nice concept behind it and if market remains...
OH WOO TRADE
My favorite token/project/team in the space.
Marked are major levels and possible path if inshallah.
First to market 0 FEE crypto exchange owned and subsidized by one of the top market making firms in the business.
Monthly buyback and burn based on 50% of the their REVENUE
200 MM MCAP doing 100+ million in volume a day....
So Woo is definitely one of those projects I've been hearing a lot about and I finally started looking into. I'm def late to this one, as market cap is already around 450-500 million, but a good exchange token can easily go into the billions.
For this current move, I believe we have corrected and if we can finish clean 5 wave as I have marked and close in or...
13/06/2021 | 24HR Trade Volume | BTC ETH BNB — USDT Pairs:
WOO X $58.85m
WOO X is still in beta at time of writing.
If Wootrade flips FTX, WOO will ~10x to $8 (FTT vs WOO mcap ~10x).
This depends on how Wootrade's upcoming futures market will be, i.e. comparable with FTX.
Still bullish on Woo. I got in at $0.34. A possible retracement from here down to $1 range eventually. Sold some and set the buy order for $1. Hodling the other half because I am a noob, so DYOR. It could also smash through the resistance line from here.
In 1h time frame, the downtrend line in major pivots has been broken, the head is just lying on the support2 zone of the #PIVOT_POINT_STANDARD and the shoulders on the S1.
So after all I expect 25 to 30% pf profit if the black line breaks strongly.
The SL may be the head, if you are midterm and the shoulders if running a short term strategy.
WOO Trade has tremendous potential and if you missed the FTX run, this could be your second chance.
What is WOO? Liquidity Aggregator backed by Kronos Research
I am not going to deep dive much into the fundamentals but just a few facts:
1) WOO is being built by the biggest market maker on FTX and one of the biggest in the whole crypto space (KRONOS - approx...
$WOO.AX nice Chart - destined for higher prices $WOO
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