WIF/USDT – 1H – SELL

The combination dogwifhat/Tether (WIF/USDT) jumps from the ascending trendline downwards

A bearish descent down to the next support line at 0.163 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.182 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Bearish Belt Hold’ candlestick pattern is found. The chart forms ‘Bearish Belt Hold’. 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 likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.182 – 0.173 – 0.182 – 0.163 – 0.161 – 0.174 —
0.165000000 – 0.168000000 —
36.587243068685 – 47.626908570113 —
– —
0.182 – 1773406800

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Bearish Belt Hold – – –