WIF/USDT – 4H – SELL

The currency pair dogwifhat/Tether (WIF/USDT) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 0.1446 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.196 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.1564556 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 0.196 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.196 – 0.196 – 0.196 – 0.1446 – 0.1494 – 0.172 —
0.160000000 – 0.175400000 —
49.425558869738 – 72.79257695775 —
– —
0.196 – 1780516800

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –