WIF/USDT – 1H – SELL

The combination dogwifhat/Tether (WIF/USDT) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 0.217 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 0.229 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart scenario. The pair is likely to go down.

And also a ‘Matching Low’ candle chart pattern is found. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.229 – 0.246 – 0.266 – 0.217 – 0.224 – 0.229 —
0.226000000 – 0.223000000 —
44.939716701707 – 39.571972400477 —
– —
0.229 – 1770660600

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Matching Low – Double top chart pattern – –