While world coin is relatively new with little past price action to analyze it has been respecting general patterns and retrace ratios quite nicely.
This is an hourly line chart that clearly shows price has broken below its previous uptrend and possibly forming a head and shoulders pattern for a continuation to the downside.
Just using the simple TA head and shoulders target of head to neckline would give a technical target of approximately 2.15. This level also is the .786 retrace level of the local swing low to swing high for another 6-7% move to the downside.
Trade well.
This is an hourly line chart that clearly shows price has broken below its previous uptrend and possibly forming a head and shoulders pattern for a continuation to the downside.
Just using the simple TA head and shoulders target of head to neckline would give a technical target of approximately 2.15. This level also is the .786 retrace level of the local swing low to swing high for another 6-7% move to the downside.
Trade well.
Commentaire:
To the penny