The pair dogwifhat/Tether (WIF/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support line at will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.1811 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.
And also a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish pattern 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’ going 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 | 0.171600000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.1811 – 0.1742 – 0.1738 – 0.1705 – 0.1689 – 0.1663 —
0.173100000 – 0.173000000 —
45.981088361831 – 49.153938943421 —
– —
0.1811 – 1782993600
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –