WIF/USDT – 30M – BUY

The currency pair dogwifhat/Tether (WIF/USDT) breaks through the descending trendline upwards

An ascending movement up to the next resistance line at 0.1647 is certain.

Caution: A possible counter-trend in the direction of the support level at 0.1593 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 0.16425 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.1647 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles form ‘Three Outside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

0.1647 – 0.167 – 0.169 – 0.1593 – 0.159 – 0.1627 —
0.163000000 – 0.161600000 —
46.271901275295 – 44.115805157615 —
– —
0.1647 – 1781875800

Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Outside Up – Rising Wedge Chart Pattern – –