Besides a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The currency pair dogwifhat/Tether (WIF/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support line at 0.213 will continue.
Caution: A possible change in the direction of the resistance level at 0.239 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart signal. The pair is likely to go down.
Besides a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.348 |
| 2nd High | 0.266 |
| Next High | 0.239 |
| Current Price | 0.214000000 |
| Next Low | 0.213 |
| 2nd Low | 0.203 |
| 3rd Low | 0.18 |
0.239 – 0.266 – 0.348 – 0.213 – 0.203 – 0.18 —
0.227000000 – 0.218000000 —
53.359698156793 – 38.296606011138 —
– —
0.239 – 1771243200
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –