The pair dogwifhat/Tether (WIF/USDT) breaks through the descending trendline up.
A bullish movement up to the next resistance level at 0.23 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 0.192 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair could go up.
Also there is a ‘Bullish Belt Hold’ candle pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.239 |
| 2nd High | 0.234 |
| Next High | 0.23 |
| Current Price | 0.186000000 |
| Next Low | 0.192 |
| 2nd Low | 0.18 |
| 3rd Low |
0.23 – 0.206 – 0.203 – 0.192 – 0.193 – 0.197 —
0.204000000 – 0.188000000 —
39.658031417676 – 24.185463118339 —
– —
0.23 – 1772053200
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Bullish Belt Hold – – –