WIF/USDT – 1H – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart picture 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) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 0.1544 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.16 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.16 – 0.1557 – 0.1648 – 0.1544 – 0.1446 – 0.1512 —
0.159400000 – 0.158600000 —
61.922292381101 – 51.539836694076 —
– —
0.16 – 1781197200

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –