UPDATE !!! #WLD

UPDATE!!!

#WLD $WLD

As I had mentioned before, support levels had to be obtained first before any sort of bullish momentum could be gained.

In my previous analysis post about world coin, price was said to go to as far as $3.1, it hit that target, those who followed my analysis and sold then congrats to you. However, price is now looking for a better and stronger support zone so that’s why we have seen the price go lower.

Right now the second support zone is around $2.5
That area acted once as a support and thrice as a resistance zone in the past
It touched this $2.5 zone yesterday which could possibly make it the second time it’s gaining support here, we shall be certain as time goes by.

All we can do now is wait for how it shall react to this zone,
1st scenario: will it will actually be a support zone?
2nd scenario: will it look for a better support zone below that price?

For the 1st scenario we shall look for confirmations of support on the lower timeframes
For the second scenario we shall look for whether this zone shall be broken further to find better support zones.

Follow for future updates

Thank you