WIF/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.194 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.183 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.194 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.194 – 0.196 – 0.194 – 0.17 – 0.181 – 0.185 —
0.189000000 – 0.190000000 —
60.139554531094 – 59.036615787404 —
– —
0.194 – 1780344000

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