The pair dogwifhat/Tether (WIF/USDT) moves from the bearish trendline up.
A bullish movement up to the next resistance line at 0.192000000 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.183 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bullish Belt Hold’ chart pattern is found. The chart shows ‘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 | |
| 2nd High | 0.23 |
| Next High | 0.192000000 |
| Current Price | 0.188000000 |
| Next Low | 0.183 |
| 2nd Low | 0.18 |
| 3rd Low |
0.192000000 – 0.23 – 0.201 – 0.183 – 0.2 – 0.204 —
0.192000000 – 0.185000000 —
41.877174443804 – 39.045186817588 —
0.192000000 – 1772287200 —
– 1772287200
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Bullish Belt Hold – – –