$WLD This analysis covers the long term from one week to the short term of one hour, and it will serve as a guide.
Weekly timeframe: the price has already reached the minimum of 0.2359 and has a resistance at 0.6055 because in that area the price was support and then resistance, which was respected.
DAILY TIMEFRAME: the price has not been able to break above the 0.350 area, but its lows are getting higher each time, creating a wedge-like shape, compressing the price. If it breaks that resistance, it will help the price rise.
1-HOUR TIMEFRAME: it looks better that the price does not break the 0.3500 area, and at the same time its lows are getting lower, compressing the price. This could be a continuation pattern, but considering the strength of the RSI and MACD, I think the price would drop in the short term to 0.3300, where I placed the buy order. $WLD
Weekly timeframe: the price has already reached the minimum of 0.2359 and has a resistance at 0.6055 because in that area the price was support and then resistance, which was respected.
DAILY TIMEFRAME: the price has not been able to break above the 0.350 area, but its lows are getting higher each time, creating a wedge-like shape, compressing the price. If it breaks that resistance, it will help the price rise.
1-HOUR TIMEFRAME: it looks better that the price does not break the 0.3500 area, and at the same time its lows are getting lower, compressing the price. This could be a continuation pattern, but considering the strength of the RSI and MACD, I think the price would drop in the short term to 0.3300, where I placed the buy order. $WLD
