WOO Network (WOO) - Oversold + Bullish divergence

On the above 2-day chart price action has corrected 90% since November. A number of reasons now exist to be bullish, including:

1) The ‘incredible buy’ signal.

2) Price action RSI resistance breakout.

3) Points 1 & 2 above is also true for the 2-day BTC pair (below).

4) Regular bullish divergence. (1-day chart below).

5) Wink wink nudge nudge - don’t know what I mean? Shame.

Is it possible price action falls further? Sure.

Is it probable? No.

Good luck!

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: 2 - 4 months
Return: 10x

2-day BTC pair

1-day Bullish divergence

Trade active

Note

Have been asked if it is possible to forecast a near term target on this trade. The large time frames is more my thing folks, not a day trader and a rather poor swing trader. That said there’s a likely 160% move coming up should price action break out of the falling wedge as is shown on the 15hr chart below, which would be a return to April levels. Price action is trading inside an increasingly tight area with a breakout no later than June 10th. The near term target is a result of measuring the flagpole extension. Hope that answers the question!

Trade active

Note

2-day BTC pair looks like

Note

up 40% so far

Trade active

A signifiant move is seeming likely in the not too distant future, just can't say when.

Note

Might be a good moment, current 4hr chart

Trade active

** Close swing trades - be long **

Daily chart shows price action printing a higher low in ascending channel with multiple strong buy signals across multiple time frames following a 40% correction from the upper side of the channel since early August.

Bitcoin pair is similar

Note

Testing past resistance as support...

Trade closed manually

Almost at local target of 60 cents

2-day

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on:

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by without_worries

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR