The combination dogwifhat/Tether (WIF/USDT) moves from the bullish trendline down.
A descent downwards to the next support level at 0.1644 will persist.
Caution: A possible change in the direction of the resistance zone at 0.1754 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
In addition a ‘Matching Low’ candle chart pattern is detected. The chart forms ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.196 |
| 2nd High | 0.1804 |
| Next High | 0.1754 |
| Current Price | 0.174600000 |
| Next Low | 0.1644 |
| 2nd Low | 0.155 |
| 3rd Low | 0.1544 |
0.1724 – 0.1754 – 0.1636 – 0.1644 – 0.1644 – 0.155 —
0.168800000 – 0.180100000 —
48.930879881205 – 72.912130535746 —
– —
0.1724 – 1781598900
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Matching Low – – –