WIF/USDT – 1H – SELL

The currency pair dogwifhat/Tether (WIF/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support level at will persist.

Caution: A possible trend reversal in the direction of the resistance line at 0.188 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Next a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative signal. The currency pair could go down.

Next a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair could go down.

Next a ‘Matching Low’ candle pattern is detected. The chart shows ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.188 – 0.197 – 0.2 – 0.172 – 0.189 – 0.191 —
0.185000000 – 0.189000000 —
56.050590213476 – 51.545843836503 —
– —
0.188 – 1780002000

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Matching Low – – –