LOOK, where WLDUSDT is it going?

Hello, guys!
This is ESS team.

This is WLDUSDT chart which has benefited from AI meta and has been continuing the rally recently.

On daily chart, After drawing Descending Broadening pattern in a long-term,
Candle broke through the pattern at May 5 and is trying to turn the trend.

In the big wave that began in early February,
It rose with being supported by 0.618 in the Fibonacci retracement and rose after consolidation in the 0.236 in the Fibonacci retracement from the recent bearish, and now It is at 0.382.

The conditions for a continuous RALLY in the WLD are
1. In the short term,
The trend continues without breaking the RED uptrend line on a 4H TF,
2. In the long term,
It is supported by the Fibonacci retracement 0.236, which is also top of the Descending Broadening pattern, and then confirm retest.

Yorum:

in 4TF, please check the red uptrend line.