The pair dogwifhat/Tether (WIF/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.1506 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.1561 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Furthermore a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1608 |
| 2nd High | 0.1575 |
| Next High | 0.1561 |
| Current Price | 0.154800000 |
| Next Low | 0.1506 |
| 2nd Low | 0.15 |
| 3rd Low | 0.1489 |
0.1547 – 0.1561 – 0.1545 – 0.1506 – 0.15 – 0.1489 —
0.154000000 – 0.155900000 —
58.042347406529 – 58.558436810613 —
– —
0.1547 – 1784282400
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Bearish Engulfing – – –