The Worldcoin system revolves around World ID, a privacy-preserving global identity network. World ID enables users to verify their humanness online ("Proof of Personhood") while maintaining their privacy through zero-knowledge proofs. The WLD token is designed as a utility token with governance properties, empowering users by giving them a say over the future of the protocol.
Anyway, it is clear that WLD was moving in an ascending-inverted wedge pattern. Then, correction started and WLD broke the wedge downward. It seems correction is unfolding in a descending channel; so, the first sign for reversal should be WLD breaking the channel upward. Let's see what happens.
Anyway, it is clear that WLD was moving in an ascending-inverted wedge pattern. Then, correction started and WLD broke the wedge downward. It seems correction is unfolding in a descending channel; so, the first sign for reversal should be WLD breaking the channel upward. Let's see what happens.
Note
So, WLD finally broke the descending channel.
Trade active
So, WLD is going up and approaching the minor horizontal resistance area. Let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.