WIF/USDT – 30M – SELL

The currency pair dogwifhat/Tether (WIF/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support level at 0.206 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.219 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.206 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.219 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.214 – 0.219 – 0.234 – 0.206 – 0.211 – 0.22 —
0.217000000 – 0.217000000 —
55.031847781451 – 58.85256980834 —
– —
0.214 – 1770870600

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Outside Down – – –