The pair dogwifhat/Tether (WIF/USDT) jumps from the bullish trendline downwards
A bearish movement down to the next support line at 0.1705 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.1811 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.196 |
| 2nd High | 0.1865 |
| Next High | 0.1811 |
| Current Price | 0.172700000 |
| Next Low | 0.1705 |
| 2nd Low | 0.1689 |
| 3rd Low | 0.1663 |
0.1811 – 0.1742 – 0.1738 – 0.1705 – 0.1689 – 0.1663 —
0.173400000 – 0.175100000 —
45.953483451543 – 55.195482536264 —
– —
0.1811 – 1782993600
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –