The currency pair dogwifhat/Tether (WIF/USDT) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance level at 0.169 is certain.
Caution: A possible counter-trend in the direction of support at 0.159 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘MACD crosses above signal’ indicator layout is existing. The indicator is ‘MACD crosses above signal’. which could be a positive signal. The currency pair could go up.
Moreover a ‘Three Outside Up’ candle pattern is existing. The chart shows ‘Three Outside Up’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1804 |
| 2nd High | 0.1801 |
| Next High | 0.169 |
| Current Price | 0.164200000 |
| Next Low | 0.159 |
| 2nd Low | 0.155 |
| 3rd Low | 0.1544 |
0.169 – 0.1801 – 0.1724 – 0.159 – 0.1627 – 0.1644 —
0.164500000 – 0.160800000 —
37.75394203641 – 37.563537358801 —
– —
0.169 – 1781787600
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Outside Up – – –