These two cryptos have increased significantly recently and reached new all-time highs today.
Worldcoin (WLD) has increased for eight successive days, while BEAM has increased for three. How long will these increases continue?
Parabolic WLD Increase Leads to New All-Time High
The WLD price has increased parabolically since breaking from a descending resistance trend line on February 7. The upward movement became parabolic on February 12, and the price has increased by more than 200%.
Today, WLD reached a new all-time high of $7.67. If today’s movement holds, WLD will close its eighth successive bullish daily candlestick. The high took WLD above the 1.61 external Fib retracement resistance of $6.45.
The wave count suggests the WLD price will continue increasing. Technical analysts utilize the Elliott Wave theory to ascertain the trend’s direction by studying recurring long-term price patterns and investor psychology. The most likely count suggests the price is in wave three of a five-wave upward movement.
If the upward movement continues, WLD can increase by another 22% and reach the next resistance at $9.15.
Go to Source to See Full Article
Author: Valdrin Tahiri
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
