Current market overview (Current price: 0.717 USDT)
WCT (Worldcoin Type) has performed strongly in the past week, currently in a high-level consolidation phase after the breakout. Analyzing from the daily, 4-hour, and 1-hour charts shows a clear bullish structure. Based on the resonance analysis of the chart and indicators, it has the potential to continue rising in the short term.
Daily chart analysis: Pattern: Forming a standard rising channel, achieving a breakthrough of the previous high (0.71~0.72) with today's K-line.
Indicator: SAR indicator continues in a bullish arrangement, support point around 0.63;
BOLL middle track continues to rise, Bollinger upper track is expanding;
4-hour chart analysis: Trend structure: After a bullish flag consolidation, it has completed a breakout, accompanied by a strong bullish candle.
SAR and moving averages in bullish resonance, MA5 and MA10 arranged upwards;
1-hour chart analysis: K-line pattern: Breakthrough of the consolidation range, large continuous bullish candle, still has short-term momentum;
Technical signal: TD upward 9th signal bar (Up.9) appears, may face a brief adjustment;
BOLL upper track expanding, SAR indicator continues to provide support;
Short-term attention to follow after a pullback, the 0.705-0.710 range is an ideal entry point.
Point setting:
Opening position 0.715 -
First take profit point 0.729
Second take profit point 0.745
Stop loss point 0.694
