WOO Network (WOO) - Oversold + Bullish divergenceOn the above 2-day chart price action has corrected 90% since November. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal.
2) Price action RSI resistance breakout.
3) Points 1 & 2 above is also true for the 2-day BTC pair (below).
4) Regular bullish divergence. (1-day chart below).
5) Wink wink nudge nudge - don’t know what I mean? Shame.
Is it possible price action falls further? Sure.
Is it probable? No.
Good luck!
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: 2 - 4 months
Return: 10x
2-day BTC pair
1-day Bullish divergence