đĄToday, I want to analyze the Wormhole(W) project for you, which has been listed in different exchanges for less than 3 days.
đWhat Is Wormhole(W)âïžâ
đžWormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
đžThe wider Wormhole network is trusted and used by teams like Circle and Uniswap, and to date, the platform has facilitated the transfer of over 35 billion dollars through over 1 billion cross-chain messages.
đââïžWormhole(W) is currently moving near the đŽResistance zone($1.050-$0.997)đŽand Resistance lines (the upper lines of the wedge pattern).
đFrom the point of view of Classical Technical Analysis, Wormhole(W) seems to have succeeded in forming a Falling Wedge Pattern.
đI expect Wormhole(W) to start going up(đ40%đ)to the đŽResistance zone($1.280-$1.200)đŽ after touching the đĄPotential Reversal Zone(PRZ)đĄ.
âïžâ ïžNoteâ ïžâïž: If Wormhole(W) breaks the đĄPotential Reversal Zone(PRZ)đĄ , the analysis will fail (if Wormhole(W) breaks the đŽResistance zone($1.050-$0.997)đŽ, it will be a more reliable entry point).
âïžâ ïžNoteâ ïžâïž: An important point you should always remember is capital management and lack of greed.
Wormhole analysis (WUSDT), 1-hour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
đWhat Is Wormhole(W)âïžâ
đžWormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more.
đžThe wider Wormhole network is trusted and used by teams like Circle and Uniswap, and to date, the platform has facilitated the transfer of over 35 billion dollars through over 1 billion cross-chain messages.
đââïžWormhole(W) is currently moving near the đŽResistance zone($1.050-$0.997)đŽand Resistance lines (the upper lines of the wedge pattern).
đFrom the point of view of Classical Technical Analysis, Wormhole(W) seems to have succeeded in forming a Falling Wedge Pattern.
đI expect Wormhole(W) to start going up(đ40%đ)to the đŽResistance zone($1.280-$1.200)đŽ after touching the đĄPotential Reversal Zone(PRZ)đĄ.
âïžâ ïžNoteâ ïžâïž: If Wormhole(W) breaks the đĄPotential Reversal Zone(PRZ)đĄ , the analysis will fail (if Wormhole(W) breaks the đŽResistance zone($1.050-$0.997)đŽ, it will be a more reliable entry point).
âïžâ ïžNoteâ ïžâïž: An important point you should always remember is capital management and lack of greed.
Wormhole analysis (WUSDT), 1-hour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
Handel aktiv
Trade stÀngt: mÄlet nÄtt
đFree & VIP Signals: t.me/ProTrader_365
đif you want to learn Technical Analysis = Please Contact me
đif you want to learn Technical Analysis = Please Contact me