Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair dogwifhat/Tether (WIF/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 0.194 will continue.
Caution: A possible change in the direction of the resistance line at 0.219 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.
Furthermore a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.200844 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.219 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.23 |
| 2nd High | 0.223 |
| Next High | 0.219 |
| Current Price | 0.201000000 |
| Next Low | 0.194 |
| 2nd Low | 0.188 |
| 3rd Low | 0.185 |
0.219 – 0.218 – 0.223 – 0.207 – 0.211 – 0.194 —
0.217000000 – 0.217000000 —
53.65289260807 – 43.42477662599 —
– —
0.219 – 1772769600
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –