Elliott wave idea for WOOThis is what I watch on $WOO. I still expect the correction wave to hit the marked area (it might be already bouncing though, also depends on BTC). My orders are at 1.26 and 1.19. I also noted some estimated target for W3 and W5. Especially for W3 there's a nice confluence of multiple Fib levels, for W5 I'm not so sure at the moment, hence the wider range. From time perspective, the ranges are only illustrative, don't know when the targets will be hit.
WOOUSDT trade ideas
WOO Network: Ended in a double topI previously wrote that WOO Network had great potential to 10x after breaking out of its primary wave 4 triangle. Unfortunately, it didn't pan out the way I thought. I still made great gains by buying it at $0.95 and selling at $1.35. Now it has broken the long-term trend so it doesn't look that good anymore...
Head and shoulders developing or ATH soon?I'm seeing bearish on the short term despite the bull market - watching for a right shoulder to develop. I'm not comfortable shorting a bullish market so will watch for reversals at the previous weekly high and the weekly open to enter a long. They also line up with the .5 and .618 fib retracement on the daily impulse. Good luck to all, NFA lol
WOOusdtA short trade to rebound from the moving average with goals of 20%. Whether it will go higher or not is a big question, since the whole movement looks complete, since after the triangle it looks very similar to the fifth one that has already been formed. We are waiting for a decline down to 0.35 - to support.
There are chances to go up further. The 5th wave may be much larger, but this can be considered at a price above 1.35 - a non-core scenario
🆓WOO Network (WOO) Nov-26 #WOO $WOO
WOO is correcting strongly from 1.8$ zone and we can accumulate it at 0.8$ and 0.75 zone for targets of 1$, 1.2$ and 1.5$ target in December. But if it loses 0.75 zone then we will wait to buy it back at 0.55$
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.75$ zone
🔴Buy : 0.8 - 0.75
🔴Sell : 1 - 1.2 - 1.5
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.75$ zone
🔵Sell : 0.75
🔵Buy : 0.55
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
✅WOOUSDT - Bigger handle hit our TP2BYBIT:WOOUSDT
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Congrats for you guys who following the trading plan as below.
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We did set a handle before, and it built a bigger one eventually.
After the handle pattern completed, price start going up till our TP2.
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As usual, do not forget to take profit at 2nd TP we set, you can hold the rest until TP3.
Just take it anytime you satisfy.
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Moreover, I set a new SL $1.6943 to protect your unrealized profit.
Have a good day!.
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or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
WOOUSDT - Entry timing of Cup and HandleBYBIT:WOOUSDT
1H trend chart
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WOO is forming a cup and handle pattern, and we are approaching to the end of handle.
If price can break out the upper downtrend line, trading strategy as below.
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Profit Targets:
a) 1.6834~1.7032----Fib(1.272~1.382)
b) 1.7458----Fib(1.618)
c) 1.8146----Fib(2)
Stop losses:
a)1.5612-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
WOOUSDT targeting 2.50 on this breakout...A simple measured move objective gives us 2.50 as a target for this breakout. Above that is pure price discovery.
We are still waiting for a weekly close to confirm this breakout but looking good right now.
I mean, as long as $BTC doesn't crap on us, we are looking good for now...
WOO has been a breakout traders dream lately...Been giving great signals! I did not trade these breakouts (I buy dips for my HODL bag) but a good thing to remember next time it goes into consolidation...
Always watch the daily close and set your SLs at logical levels (e.g., below previous HL/range lows, etc.) w/ proper position sizing.
WOO, three upswings without breaking resistanceThe following content is machine translation:
WOO, three times ascending the test did not break 1.4
It can be seen in the figure that 1.4 has a great pressure level, and it has not broken three times.
It has been at the top for 20 days and started to oscillate within a narrow range, and is about to choose a direction.
Breakthrough can be chasing more, and then you can choose short-term if there is no breakthrough.
