The pair dogwifhat/Tether (WIF/USDT) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 0.1598 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.1563 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Current target is 0.1619 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.1598 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ chart pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1648 |
| 2nd High | 0.1619 |
| Next High | 0.1598 |
| Current Price | 0.160500000 |
| Next Low | 0.1563 |
| 2nd Low | 0.1562 |
| 3rd Low | 0.1544 |
0.1598 – 0.1619 – 0.16 – 0.1563 – 0.1562 – 0.1544 —
0.158800000 – 0.159700000 —
48.995815612452 – 57.474044262741 —
– —
0.1598 – 1781314200
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three White Soldiers – – –