RLinda ! WOOUSDT-> Breaking the downtrend. What's next?

٣٠ أغسطس ٢٠٢٢

WOOUSDT. There is an interesting situation on the chart. It is worth paying attention to such things as: a false breakdown of support at 0.1507, resistance of the global downward channel and crossing the trend lines MA 50 and 200, which at the moment already play the role of support.

We see the price breaking through the levels and trading in the long zone of the relative important zones at the moment. The price has entered the range of 0.1788 - 0.1507 and is forming a local upward momentum.

I assume that the growth of the price may continue if the price can resist above these levels and does not fall down. The short-term target is the resistance range of 0.1788. and the medium-term target is the liquidity zone of 0.2226

Regards R.Linda!