WIF/USDT – 1H – SELL

The combination dogwifhat/Tether (WIF/USDT) goes from the descending trendline down.

A continuation of the downtrend down to the next support at 0.1544 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.1636 could happen.
Consider stop-loss settings accordingly.

Then a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.1636 – 0.1619 – 0.16 – 0.1544 – 0.1446 – 0.1512 —
0.159300000 – 0.156600000 —
42.98533146281 – 33.201338683575 —
– —
0.1636 – 1781352000

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Bearish Engulfing – – –