WIF/USDT – 4H – SELL

Besides a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.1446 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 0.196 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. this 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).

0.196 – 0.196 – 0.196 – 0.1446 – 0.1494 – 0.172 —
0.161300000 – 0.160000000 —
54.81818915064 – 49.425558815528 —
– —
0.196 – 1780516800

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