Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair dogwifhat/Tether (WIF/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.194 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.219 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.
Furthermore a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish signal. The pair is likely to go down.
Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.200844 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.219 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.23 |
| 2nd High | 0.223 |
| Next High | 0.219 |
| Current Price | 0.201000000 |
| Next Low | 0.194 |
| 2nd Low | 0.188 |
| 3rd Low | 0.185 |
0.219 – 0.218 – 0.223 – 0.207 – 0.211 – 0.194 —
0.217000000 – 0.217000000 —
53.65289260807 – 43.42477662599 —
– —
0.219 – 1772769600
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –