The currency pair dogwifhat/Tether (WIF/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.213 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.229 could occur.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.218564 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 0.229 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.234 |
| 2nd High | 0.233 |
| Next High | 0.229 |
| Current Price | 0.224000000 |
| Next Low | 0.213 |
| 2nd Low | 0.212 |
| 3rd Low | 0.206 |
0.229 – 0.233 – 0.234 – 0.213 – 0.22 – 0.229 —
0.227000000 – 0.227000000 —
60.596659095658 – 58.348442872198 —
– —
0.229 – 1771612200