WOOUSD 🕯️ Touching Support Area from Rising Channel Pattern

25 May 2023

We've got 2 things that could happen:

1. It either breaks downward the rising channel it has been trading for a very long time and this means bears would take control so in that case:
   Bearish target would be: 0.15 - 0.17 area
   
   
2. It resumes the uptrend and bounces off this support area as it has been doing for the past months and since NOV '22 actually. So it's been a very long and consistent pattern that has been playing out. I'd be cautious to go against it until a very good confirmation is in place.
   
   Bullish Target: 0.26 - 0.30 area
   

Happy trading and I'll keep updating as I see points of interest.
Regards,

🕯️ Kina 🕯️

5 Haz 2023

Not

Confirm current support holds !

10 Haz 2023

İşlem kapandı: hedefe ulaştı

Bearish target complete: 0.15 - 0.17 area
Success !