WLD has successfully broken out of its descending channel and is currently in a retesting phase, setting the stage for further upward momentum.
Previously, WLD broke through the demand zone, establishing a new lower low. However, it has managed to reclaim this area and is now showing signs of breaking the descending channel, backed by significant volume. This suggests a bullish outlook for WLD.
While the first attempt at a bullish setup didn't pan out, there's renewed hope that WLD will recover and continue its upward trajectory.
Be cautious, though: this bullish scenario would be invalidated if WLD breaks below the key Bullish Invalidation level and closes the day beneath it.
Source: TV - MyCryptoParadise_Nathan
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$WLD
WLD has successfully broken out of its descending channel and is currently in a retesting phase, setting the stage for further upward momentum.
Previously, WLD broke through the demand zone, establishing a new lower low. However, it has managed to reclaim this area and is now showing signs of breaking the descending channel, backed by significant volume. This suggests a bullish outlook for WLD.
While the first attempt at a bullish setup didn't pan out, there's renewed hope that WLD will recover and continue its upward trajectory.
Be cautious, though: this bullish scenario would be invalidated if WLD breaks below the key Bullish Invalidation level and closes the day beneath it.
Source: TV - MyCryptoParadise_Nathan