WIF/USDT – 1H – SELLThe currency pair dogwifhat/Tether (WIF/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.182 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Matching Low’ candlestick pattern is existing. The chart shows ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.219 |
| 2nd High | 0.183 |
| Next High | 0.182 |
| Current Price | 0.163000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.182 – 0.183 – 0.182 – 0.174 – 0.173 – 0.207 —
0.173000000 – 0.168000000 —
38.896070129567 – 38.714702568323 —
– —
0.182 – 1773082800
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –