WIF/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The pair dogwifhat/Tether (WIF/USDT) goes from the descending trendline downwards

A continuation of the downward movement down to the next support level at 0.156 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.16 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.1567044 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.16 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.16 – 0.156 – 0.1557 – 0.156 – 0.1521 – 0.1446 —
0.157600000 – 0.158700000 —
47.719185749862 – 60.869631382137 —
– —
0.16 – 1781199000

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –