WLD/USDC - (Buy) World Coin is oriented to recover towards 3,40
Market & Ticker: World Coin - WLD/USDC
Date: 12/11/2024
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Scenario:
World Coin (WLD) is consolidating since March 2024 and reached 76,4% Fibonacci retracement of the prior upside trend within a classic auto-similar move (corrective trend) calling for high probability to set a bottom above 5,10
As Long as 2.00 remains a support valid a larger rise towards 3,40 is expected and 5,10 in extension (76,4% Fibonacci ratio)
Technical Key Elements:
- RSI indicator is bouncing off50% area as pre signal
- The Moving average are snow support at 2.00
- Fibonacci key support is adjusted at 2.00 while the Elliot wave shows upside potential towards 3,40 and 5.10
Trade Idea conclusion: Buy
- Target 2: 5.10
- Target 1: 3,40
- Tactical support (daily close) Stop: 2.00
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
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