Then a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The currency pair dogwifhat/Tether (WIF/USDT) goes from the ascending trendline downwards
A descent down to the next support at 0.1663 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.1811 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.1657496 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.1811 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.196 |
| 2nd High | 0.1865 |
| Next High | 0.1811 |
| Current Price | 0.172200000 |
| Next Low | 0.1663 |
| 2nd Low | 0.1601 |
| 3rd Low | 0.1368 |
0.1811 – 0.1762 – 0.1865 – 0.1663 – 0.1601 – 0.1681 —
0.174200000 – 0.175100000 —
52.775799218683 – 53.978517634657 —
– —
0.1811 – 1782993600
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – – Rising Wedge Chart Pattern – –