WIF/USDT – 1H – SELL

The currency pair dogwifhat/Tether (WIF/USDT) jumps from the descending trendline down.

A continuation of the downtrend down to the next support line at 0.1508 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.1608 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Then a ‘Collapsing Doji Star’ candlestick pattern is discovered. The candles show ‘Collapsing Doji Star’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

0.1608 – 0.1617 – 0.171 – 0.1508 – 0.1567 – 0.1539 —
0.153600000 – 0.154600000 —
37.605358172825 – 48.438621546924 —
– —
0.1608 – 1783659600

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Collapsing Doji Star – – –