WOO Technical Analysis in a Weekly Timeframe

3 oct.

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Now, let’s dive into this chart analysis:

WOO is in a downtrend and is nearing the support trendline. It showed a rebound but failed to break above the 21 EMA resistance. WOO must break above the 21 EMA and the $0.255 resistance to confirm a bullish rally.

For now, accumulating WOO between $0.109 and $0.156 is likely a good entry range. In the long run, WOO is likely to reach its all-time high with a potential 5x gain.

Key levels:

- Support/Accumulation: $0.109-$0.156.
- Primary Resistance: $0.2060-$0.2554.
- Long-term Target: $0.8790.

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