đź“ŚWLD- Worldcoin – scans people’s eyeballs using the Orb device — a reflective metallic sphere that records information about a person’s iris in the form of a cryptographic code. Everyone who undergoes the scan will receive periodic grants in WLD tokens.
The project itself is very interesting, as it is designed to solve one of the main problems of the digital environment of the future — the identification of live people among bots with artificial intelligence 🆗
There are numerous news events leading up to such growth, here are the main ones:
World App cryptocurrency wallet has gained more than 1 million users, significantly more than the 100,000 users in November.
The bankrupt Alameda Research holds a portfolio of 25 million Worldcoin (WLD) worth $191 million. This is the company’s largest investment.
➡️Technical Aspect. The chart is actually sparse, as we essentially have accumulation and a huge pump. Let’s analyze a bit more locally. A descending triangle was formed and impulsively broken in long at the mark of $2.442.
The recommendation is simple – do not get involved in this, as there is a high probability you will just lose money on such a coin, it should either be bought at the start or shorted with a 1-5 leverage after already significant growth.
Absolutely all indicators are in the area of record overbought conditions. RSI at 95 points (at the time of preparing the text). All this movement forms an open GAP, as throughout the entire growth there were practically no densely traded densities, creating ideal conditions for a similarly sharp crash ⤵️
If considering the wave structure, we are in the third wave, which has extended significantly and may continue to do so. Catching the perfect point for a short is impossible, so if shorting, only do it with a small leverage and for the medium term.
đź’¬Conclusion: Predicting the asset is practically impossible, as such kinds of pumps are not amenable to analysis. One thing can be said for sure – the asset will correct sooner or later, the question is how much it will grow on the fuel of short sellers.