The pair dogwifhat/Tether (WIF/USDT) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 0.19 will persist.
Caution: A possible trend reversal in the direction of the support zone at 0.172 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Outside Up’ candle pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2 |
| 2nd High | 0.197 |
| Next High | 0.19 |
| Current Price | 0.188000000 |
| Next Low | 0.172 |
| 2nd Low | 0.171 |
| 3rd Low | 0.167 |
0.19 – 0.188 – 0.197 – 0.172 – 0.174 – 0.189 —
0.188000000 – 0.184000000 —
57.096521381411 – 38.695389228402 —
– —
0.19 – 1780048800
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Outside Up – – –