The technical analysis of WCT shows that several indicators are trending towards positive signals. Currently, the MACD indicator is about to form a golden cross pattern, while the RSI has dropped to around 20, which usually means that selling pressures in the market have significantly eased, and a reversal is expected in the oversold area.
By monitoring the KDJ indicators on a daily basis, we can clearly see the formation of a golden cross signal, indicating that buying strength is gradually increasing. If the market can achieve a strong rise above the resistance level of 0.38, we will also see the formation of a golden cross pattern in the moving averages system, which will provide a harmonious confirmation of several technical indicators.
Supported by this technical formation, WCT is expected to create a strong wave of recovery, and if market sentiment continues to improve, the possibility of re-testing the price area of 1 dollar during the next week cannot be ruled out. At this stage, this potential opportunity deserves close attention.#SwingTradingStrategy