WIF/USDT – 1H – SELLThe pair dogwifhat/Tether (WIF/USDT) goes from the bullish trendline down.
A descending movement downwards to the next support at 0.1411 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.1545 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ candlestick pattern is detected. The candles form ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1801 |
| 2nd High | 0.1729 |
| Next High | 0.1545 |
| Current Price | 0.141100000 |
| Next Low | 0.1411 |
| 2nd Low | |
| 3rd Low |
0.1545 – 0.1729 – 0.1687 – 0.1411 – 0.1537 – 0.1601 —
0.152700000 – 0.146300000 —
55.310734322195 – 36.362750794965 —
– —
0.1545 – 1782363600
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Bearish Engulfing – – –