WOO has formed a HUGE falling wedge which is a BULLISH formation.
A break above this wedge in blue would catapult WOO much higher.
Key resistance levels to watch are:
52 cents
68 cents
90 cents
$1.2
Don't aim for the all-time high at $1.8, but an entry now has a good change to go towards $1 if WOO breaks the wedge.
Buying here has a great risk/reward ratio for longs. After a 80% correction, WOO getting a nice rally is quite possible IMO.
The bias will flip to FOMO bullish once price breaks above 52 cents and makes it support.
Until then there is still some small chance price could revert down again, unlikely though.
Indicators on daily timeframe are turning bullish and I think there is good momentum behind this token to move much higher, similar to the last rally in late 2021.
Bias is bullish.
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A break above this wedge in blue would catapult WOO much higher.
Key resistance levels to watch are:
52 cents
68 cents
90 cents
$1.2
Don't aim for the all-time high at $1.8, but an entry now has a good change to go towards $1 if WOO breaks the wedge.
Buying here has a great risk/reward ratio for longs. After a 80% correction, WOO getting a nice rally is quite possible IMO.
The bias will flip to FOMO bullish once price breaks above 52 cents and makes it support.
Until then there is still some small chance price could revert down again, unlikely though.
Indicators on daily timeframe are turning bullish and I think there is good momentum behind this token to move much higher, similar to the last rally in late 2021.
Bias is bullish.
Like and follow if you liked this idea!
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