The combination dogwifhat/Tether (WIF/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.1705 is expected.
Caution: A possible change in the direction of resistance at 0.1751 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1865 |
| 2nd High | 0.1811 |
| Next High | 0.1751 |
| Current Price | 0.177300000 |
| Next Low | 0.1705 |
| 2nd Low | 0.1689 |
| 3rd Low | 0.1663 |
0.1751 – 0.1811 – 0.1742 – 0.1705 – 0.1689 – 0.1663 —
0.173300000 – 0.179200000 —
50.736865960496 – 69.474488567608 —
– —
0.1751 – 1783042200
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –