WIF/USDT – 1H – SELL

The currency pair dogwifhat/Tether (WIF/USDT) goes from the bullish trendline down.

A bearish descent down to the next support at 0.155 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.1804 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Tweezers Top’ candle chart pattern is detected. The candles form ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

0.1636 – 0.1619 – 0.16 – 0.155 – 0.1544 – 0.1446 —
0.164200000 – 0.167900000 —
66.598512565947 – 73.576918509485 —
– —
0.1636 – 1781352000

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Tweezers Top – – –