Wormhole: Potential Top 20 Contender for This Bull Run!Wormhole is a solid project with a good chance of being a top 20 project in this bull run. I own W and will accumulate more only if it drops below $0.30. The green-marked zones could be the bottom during this correction before reaching a new ATH. The red-marked zones might have a bigger impact, and we can talk about ATH only after it passes them.
WUSDT.P trade ideas
WA very interesting asset, I've been watching its behavior for a long time, I think it's time to take a closer look at the turn, I see lateral movement, and attempts to build a structure, as well as the imbalance from above suggests that there is an opportunity to take this position in the medium term !
Wormhole Weekly AnalysisWormhole ( BINANCE:WUSDT ) has corrected around 34% over the past week, making it the top loser. Wormhole is a leading interoperability platform that supports multichain applications and bridges at scale.
As a newly listed coin, there isn't enough price action to analyze from the chart. The $0.778 level is a crucial resistance where Wormhole has faced rejections. The bearish market conditions have pushed Wormhole into a downward trajectory, reaching a low of $0.366. Currently, Wormhole is trying to establish resistance at this level, but if the bearish trend continues, further declines are likely.
On the daily time frame, oscillators show a neutral signal, while the moving average indicates a strong sell. In the weekly time frame, oscillators are very bullish, but the moving averages continue to suggest a strong sell.
Wormhole potential swing long not sure if this'll get a run-up into the LayerZero launch but the bidded on the slowing sell pressure (see C-fork) with presumed resistances at or near the May Monthly high, and the Weekly equal highs (if it sustains).
if no unlocks/whales seling/etc., this should work out.
[LONG] Wormhole going for the binance listing pattern (part 2)After the first run Wormhole is giving another chance at a strong demand level.
buy: 0.50~0.55
target1: 0.634
mid channel. you can move your SL to entry at this point
target2: 0.748
upper band. take out half position here
target3: 1.11
first dead cat bounce top. here most spot buyers that got trapped will sell. don't risk your gains and close the position.
Let's see if this time it can reach the 3rd target!!
part 1:
[LONG] Wormhole going for the binance listing patternThis pattern will be in trading books next to Wyckoff's (jk lol)
buy: 0.50~0.55
target1: 0.615
mid channel. you can move your SL to entry at this point
target2: 0.723
upper band. take out half position here
target3: 1.11
first dead cat bounce top. here most spot buyers that got trapped will sell. don't risk your gains and close the position.
Wormhole W price at consolidation, where next ?It's been 2 months since the #Wormhole airdrop and listing.
The price of #WUSDT has managed to drop significantly and move into a consolidation phase.
⁉️ Question:
1️⃣ will the NYSE:W price be accelerated now with a parabolic amplitude?
2️⃣ Do we need another correction to the $0.55 area and then growth according to the blue scenario?
What do you think?
It seems that in both cases, the #WUSD price should be accelerated to $1-1.10
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**Title: W/USDT: Short-Term Support and Resistance Analysis**
**Chart Description:**
This analysis of W/USDT on a 3-hour chart highlights key support and resistance levels, providing a short-term trading outlook. The chart showcases significant price zones and includes a volume and RSI analysis to support the observed price movements.
**Key Features:**
- **Support Levels:** The key support level is identified at $0.632, which has previously provided strong buying interest and prevented further declines.
- **Resistance Levels:** Significant resistance is marked at $0.674, where selling pressure may increase.
- **Volume and RSI Analysis:** The volume indicator shows relatively stable trading activity, while the RSI (Relative Strength Index) is at 42.092, indicating neutral momentum with no immediate overbought or oversold conditions.
**Technical Outlook:**
The current setup suggests a consolidation phase between the support at $0.632 and the resistance at $0.674. If the price continues to hold above the support level, we could see a move towards the $0.674 resistance level. Traders should watch for a breakout above $0.674 for confirmation of a bullish trend.
**Price Projection:**
The chart indicates a potential price movement within the defined support and resistance levels. A break above $0.674 could signal a bullish continuation, while a drop below $0.632 may indicate a bearish trend.
**Conclusion:**
Traders are advised to monitor the support and resistance levels closely and look for signals of a breakout or breakdown. The RSI indicates a neutral stance, suggesting that traders should wait for a clear signal before entering positions.
W is about to moon :#W #Analysis
Description
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+ The price is showing a strong rebound from a major support level.
+ Recently, it successfully broke through the resistance line, indicating a potential upward trend.
+ Based on this momentum, I anticipate that the trend will hold steady and reach our projected targets.
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VectorAlgo Trade Details
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Entry Price: 0.648
Stop Loss: 0.498
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Target 1: 0.752
Target 2: 0.873
Target 3: 1.023
Target 4: 1.257
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Timeframe: 12H
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
W (wormhole) pushesWhen the market is focused on memes, W is pushing. This could be because the token is on Solana and a lot of the profit taking is on that chain. You will notice that 20EMA has been taken pretty firmly. The 50 is starting to be taken but not yet confirmed. My previous chart pointed to 68 cents as a key area. I drew a rectangle that shows the price regions I am looking at, lots of wicks and full candle bodies stopping/starting at these levels.
-Building support around 68 cents is imperative
-A push outside of the channel will likely occur with short term target of 84 cents
Updated channel on Wormhold (w)This is an updated channel on wormhole after the dust has settled. This range is pretty solidified at this point, this tends to happen with new token launches. There is a lift off the 20 EMA here signaling a potential push towards the high range. 68 cents has a decent amount of resistance, building support around that region would signal an upside break of this channel in the coming weeks. I have chosen to keep my W tokens from the airdrop to see how this plays out.