The currency pair dogwifhat/Tether (WIF/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 0.18 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.266 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Matching Low’ candle pattern is detected. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.436 |
| 2nd High | 0.348 |
| Next High | 0.266 |
| Current Price | 0.217000000 |
| Next Low | 0.18 |
| 2nd Low | |
| 3rd Low |
0.266 – 0.348 – 0.436 – 0.18 – 0.225 – 0.308 —
0.231000000 – 0.227000000 —
44.503686255422 – 40.226323740142 —
– —
0.266 – 1770148800
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Matching Low – Double top chart pattern – –