The combination dogwifhat/Tether (WIF/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 0.28 will persist.
Caution: A possible counter-trend in the direction of the support level at 0.214 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
And also a ‘Inverted Hammer’ chart pattern is detected. The chart shows ‘Inverted Hammer’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.28 |
| Current Price | 0.230000000 |
| Next Low | 0.214 |
| 2nd Low | 0.21 |
| 3rd Low | 0.193 |
0.228 – 0.222 – 0.28 – 0.214 – 0.21 – 0.218 —
0.227000000 – 0.229000000 —
67.379627646776 – 71.498925954251 —
– —
0.228 – 1778265000
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Inverted Hammer – – –