WIF/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support at 0.181 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.211 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. 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 likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.211 – 0.23 – 0.239 – 0.181 – 0.192 – 0.213 —
0.206000000 – 0.216000000 —
53.232384659419 – 59.179719327216 —
– —
0.211 – 1772467200

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –