The pair dogwifhat/Tether (WIF/USDT) breaks through the descending trendline up.
A bullish movement upwards to the next resistance at 0.1557 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 0.1446 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.
Next a ‘Three Outside Up’ candle chart pattern is detected. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1589 |
| 2nd High | 0.1574 |
| Next High | 0.1557 |
| Current Price | 0.152700000 |
| Next Low | 0.1446 |
| 2nd Low | |
| 3rd Low |
0.1557 – 0.1574 – 0.1589 – 0.1446 – 0.1484 – 0.1512 —
0.147400000 – 0.149500000 —
38.392949280825 – 49.139994022863 —
– —
0.1557 – 1781098200
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Outside Up – – –