WIF: Channel Up BreakoutTrade setup : Trends are mixed. Price had a bearish breakout from a Channel Up pattern, which could be followed by further weakness and downside risk to $2.00 support.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Neutral and Long-term trend is Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $2.00. Nearest Resistance Zone is $3.50, then $4.20.
Wifusdtanalysis
$WIF LONG - 2021 $DOGE vs 2024 $WIFCRYPTOCAP:WIF is the 2024 version of 2021 CRYPTOCAP:DOGE , except even better (wif a hat)
similar chart structure
strong advance up similar to CRYPTOCAP:DOGE , leading to ~3 month re-accumulation, targeting the same fib (14.618) which would be a 10x from here at ~ SGX:40B market cap ($42.069B market cap for the memes)
would not fade the hat, this is the strongest meme coin on CRYPTOCAP:SOL , CRYPTOCAP:SOL is the strongest blockchain in the space, with all the mindshare currently.
have been in this coin since december, at prices less than $0.10, and have added to my bags in this range.
NFA GL HF.
HAT. STAYS. ON.
-@CryptoCurb
WIFUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Still waiting for last upward movement in final wave of (v).
Entry: Market and lower
Targets: 5 - 7 - 10
after first target reached move ur stop to breakeven
Stop: (depending of ur risk).
ALWAYS follow ur RM
risk is justified
It's not financial advice.
DYOR!