The pair dogwifhat/Tether (WIF/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.1506 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.1565 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
And also a ‘Bearish Belt Hold’ chart pattern is existing. The candles form ‘Bearish Belt Hold’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1608 |
| 2nd High | 0.1575 |
| Next High | 0.1565 |
| Current Price | 0.155600000 |
| Next Low | 0.1506 |
| 2nd Low | 0.15 |
| 3rd Low | 0.1489 |
0.1565 – 0.1547 – 0.1561 – 0.1506 – 0.15 – 0.1489 —
0.155400000 – 0.157600000 —
59.308353789842 – 62.751708996032 —
– —
0.1565 – 1784307600
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Bearish Belt Hold – – –