⚙️ Setup
Price has been trending down within a well-defined falling wedge since the local high.
Currently, it’s testing the lower trendline with Stochastics oversold and curving up, suggesting waning bearish momentum.
Volume has compressed, which is typical before a breakout.
We’re now at a decision point: either a bounce and breakout or a confirmed wedge failure.
- Stochastics: Oversold (<20) with a possible bullish cross forming.
- Volume: Decreasing — consistent with the final stages of compression.
- EMAs: Price hovering around/under short EMAs (20–50); a close above them could trigger momentum shift.
📈 Plan / Hypothesis
Watching for bullish breakout confirmation above the upper trendline with increased volume.
Target: Height of the wedge projected upward (~[90% gain] from breakout point).
Invalidation: 4H candle close below the lower trendline with volume expansion.
💭 Fundamenteal Thought:
We may or may not like Altman or Worldcoin's course of action to learn how to validate humanness, but the thing is, it's the only exposure we have to OpenAI and ChatGPT, and with AI everywhere, we are gonna need more than ever to validate people being real.
Considering Open AI, the disease, being worth $500 Billion, I think that the potential cure that Altman himself fabricated, Worldcoin, having a market cap of less than $3 Billion is pretty cheap. There's still many token to airdrop.
Anyhow, it all depends on what utility the token ends up delivering, I see that if this token is used to validate humanness, this will be really valuable. And ofc of what competitors do.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.