The pair dogwifhat/Tether (WIF/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.1561 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Collapsing Doji Star’ candlestick pattern is existing. The chart shows ‘Collapsing Doji Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1608 |
| 2nd High | 0.1575 |
| Next High | 0.1561 |
| Current Price | 0.152400000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.1561 – 0.1575 – 0.1552 – 0.150000000 – 0.1489 – 0.1473 —
0.151400000 – 0.153700000 —
40.885861641431 – 54.775583258662 —
0.150000000 – 1784253600 —
0.1561 – 1784214000
Trading Signals: CRYPTO – WIF – WIF/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern – –