WIF/USDT – 1H – SELL

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

A descent downwards to the next support level at 0.1588 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.1729 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.1588 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.1729 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ heading down is 82%.

0.1729 – 0.1687 – 0.1647 – 0.1601 – 0.1588 – 0.1602 —
0.165500000 – 0.164300000 —
42.442635491177 – 44.433687915676 —
– —
0.1729 – 1782136800

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –