$WOO - Chart analysis:
Neutral zone daily: 0.3180 - 0.2940$
The daily & weekly view does not looks bad as LS made a bounce on prices [D1] and K [W] wich indicate a possible bullish continuation upward move 📈
Zooming on the weekly view, prices aren't ready to break key resistances as it's moving below a huge cloud⚠️ (neutral)
Key resistances to be break [HTF]:
0.3350 - 0.3450 - 0.3800 - 0.3950$
Monthly key 50% fib at 0.3800$!
I think that's a bull cycle will happen in case of weekly candle close below 0.400$ or monthly close above 0.3800$!
As we are moving into a neutral zone, there is no reason to FOMO & take risky long position yet!
🔔Zooming on the lower time frame view [H1] - [H2] I think that prices will revisit the 0.2850 - 0.2900$ support zone! 📉
Many resistances to be break & [bearish rejection on trend]
I tried to developped this analyses to give you a global time frame outlook.
Drop a like if you enjoy & learn it! 👍
