Chart Overview
- Bullish Bat Pattern, suggesting potential reversal near completion point D.
- Price recently completed the pattern, currently near trendline and 0.618 Fib retracement zone.
- (OBV) broke out of consolidation, hinting potential volume shift.
Demand Zone / Support
- Demand Zone: $0.30–$0.41 (green box ).
- Key Trendline Support: Rising trendline from May remains intact.
Supply Zone / Resistance
Supply Zone: $1.18 – $1.38 (purple box).
This area aligns with the high volume node on the right-side volume profile.
Strong rejection likely if price approaches without major breakout.
Volume Profile
High Volume Node (HVN): $1.06 - $1.15 , confirming strong interest/previous consolidation.
Low Volume Node (LVN): $0.80 – $0.95 , suggesting potential fast moves up/down.
Fair Value Gaps (FVG)
First FVG: ~$0.96 – $0.98
Second FVG: ~$0.89 - $0.92
These are targets if price moves upward.
Fibonacci Levels
- 0.618 retracement (~$0.85) aligns near trendline — major confluence.
- 0.786 retracement (~$0.71) rests below trend line.
Bullish Scenario
- Price holds above 0.618 Fib (~$0.85) and bullish trendline.
- Breaks above to fill FVG and move toward $1+.
- OBV breakout supports accumulation and incoming demand.
Bearish Scenario
- Price breaks below $0.65 and loses trendline.
- Bearish invalidation of Bat pattern, opening room to drop to:
- Fib Lev 1 or deeper into the $0.50–$0.40 zone.
- Volume fades on OBV
Risks
- Trendline Break: Potential aggressive sell-off.
- Volume Drop: If OBV rally fails, buyers dry up.
- Macro/Sentiment: WIF is meme-sensitive.
Summary
Bullish Bat completion with price testing a high-confluence zone (trendline + 0.618 Fib).
Many upside targets with FVGs.
If Price breaks below trend line and 0.65, bullish/long predictions will be invalid.
- Bullish Bat Pattern, suggesting potential reversal near completion point D.
- Price recently completed the pattern, currently near trendline and 0.618 Fib retracement zone.
- (OBV) broke out of consolidation, hinting potential volume shift.
Demand Zone / Support
- Demand Zone: $0.30–$0.41 (green box ).
- Key Trendline Support: Rising trendline from May remains intact.
Supply Zone / Resistance
Supply Zone: $1.18 – $1.38 (purple box).
This area aligns with the high volume node on the right-side volume profile.
Strong rejection likely if price approaches without major breakout.
Volume Profile
High Volume Node (HVN): $1.06 - $1.15 , confirming strong interest/previous consolidation.
Low Volume Node (LVN): $0.80 – $0.95 , suggesting potential fast moves up/down.
Fair Value Gaps (FVG)
First FVG: ~$0.96 – $0.98
Second FVG: ~$0.89 - $0.92
These are targets if price moves upward.
Fibonacci Levels
- 0.618 retracement (~$0.85) aligns near trendline — major confluence.
- 0.786 retracement (~$0.71) rests below trend line.
Bullish Scenario
- Price holds above 0.618 Fib (~$0.85) and bullish trendline.
- Breaks above to fill FVG and move toward $1+.
- OBV breakout supports accumulation and incoming demand.
Bearish Scenario
- Price breaks below $0.65 and loses trendline.
- Bearish invalidation of Bat pattern, opening room to drop to:
- Fib Lev 1 or deeper into the $0.50–$0.40 zone.
- Volume fades on OBV
Risks
- Trendline Break: Potential aggressive sell-off.
- Volume Drop: If OBV rally fails, buyers dry up.
- Macro/Sentiment: WIF is meme-sensitive.
Summary
Bullish Bat completion with price testing a high-confluence zone (trendline + 0.618 Fib).
Many upside targets with FVGs.
If Price breaks below trend line and 0.65, bullish/long predictions will be invalid.
Trade active
Just as predicted. Price rejected off the Golden pocket - failing to break below and test the swing low.
Both short term targets (FVG) zones successfully filled.
Stay tuned!
Trade closed: target reached
Just as stated!WIF BROKE above both FVG zones, fulfilling the first 2 TPs, (FVG zones)
This was a successful trade. Stop loss has now been moved up to the swing low.
Our next goal is to it the supply zone, for this we will need to break above and stay above the previous high (candle)
Note
Price has successfully rejected above the previous SWING LOW
This is showing bullish strength and a strong support zone.
For a long I will be entering on 0.9846 with 5x leverage.
Stop loss will be below the second FVG zone.
Note
WWIF has shown some bullish strength. Surging through both FVG zones instantly it has now tagged out entry and we are already sitting in profits.
We will see some consolidation at the current price as it is attempting to break the previous swing high - if it succeeds, we will see another pump to the 0.28 mark on the FVG zone.
Note
Unfortunately due to WWIII taking place, our second WIF trade has hit the SL.
Despite it going down, our first trade has left us in profits still.
Well done to those who took the trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.