Flying......This coin has completed its reformation and officially started its third wave. At least the growth of this currency can be imagined up to 113 dollars.
The target time is around mid-autumn
WIFUSD trade ideas
Wave 5 Target for WIF now that Wave 4 has endedThis is my area of interest for a top on WIF to complete its first cycle. I don’t hold this crypto in my portfolio, mainly because it did not reach my desired target on its latest correction. I needed a higher projected ROI before adding it, but I’ll still share my analysis.
This projected target area of $6-$7 is based on the inverse of Wave 4. If an extended 5th wave happens, we might see $10-$16. However, that’s not what I’m expecting because Wave 3 is certainly extended @ 9.618 of Wave 1. At most, I believe we see a match of Wave 3 in relation to Wave 1 and this same 9.618 extension from the bottom of Wave 4 aligns with one of three methods used to project Wave 5 targets.
1. Wave 5 is equal to Wave 1. ($1.95 and it’s already above that price)
2. Wave 5 is equal to 0.618 of Waves 1 & 3. ($4.44 and no new ATH would be reached)
3. Wave 5 is equal to 1.236 - 1.618 the inverse of Wave 4. ($5.66-$6.96 and 9.618xW1 is ~$6.01)
The third method outlined is the only one that still sets a new ATH and would also have confluence with a matching Wave 3 at 9.618 times the length of Wave 1.
I also advise caution around the $5.50 area due to confluence with 1.236 inverse of Wave 4 and only an 8.618 multiple of Wave 1. I often see Wave 5’s in crypto finish 1 Fibonacci level lower than the Wave 3 of the same degree, which would be the 8.618 in this case.
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WIF - Possible Reversal On the daily timeframe WIF could be looking for a reversal.
We see a bullish divergence forming on the daily RSI + a doji candle was printed yesterday.
WIF Bearish- Bearish Price action
- We look for buys at the -0.62 FIB retracement.
- If it will be hit, a structure break to the upside is needed before we enter a long position.
Why sub $1.20 will be a good long entryThis is my current EW count for WIF. If we get the chance, buying below $1.20 offers a 4-5x reward if it can reach my Wave 5 target area between $6.40-$7.20. I believe the recent bump up off the lows is just a corrective sub wave 4 on the C leg of an ABC for Wave 4.
The reason WIF had such a big correction after it’s Wave 3 is likely due to an extended sub wave 5 and the fact that large corrections usually revisit the previous 4th wave price range of a lower degree. I like the 0.786 retracement of Wave 3 as the most likely bounce spot to begin the final 5th Wave.
Best of Luck to Everyone!
WIF Price Reversal Targets $5Current Price: WIF trading above the $2 psychological mark after a bullish reversal at $2.18.
Demand Zone: Reversal undermines the breakdown of the crucial $2 demand zone.
Recent Surge: WIF price jumps by nearly 50% in the last seven days.
End of Correction: Bullish reversal marks the end of the correction phase within a falling channel pattern.
Momentum Gain: The meme coin gains momentum, suggesting a continued uptrend.
Fibonacci Levels: Buyers need to surpass the 50% Fibonacci level at $2.43 for an extended uptrend.
Broader Market Uptrend: Sustained bullish momentum aligns with the broader market recovery.
New All-Time High Potential: WIF price might create a new all-time high in July.
Key Targets: Potential to surpass the $4.58 mark.
Psychological Milestone: $5 seems a suitable target for the ongoing uptrend.
WIF LONG - Head and shouldersLong on WIF. Wait for the bound back on the support line and then go long. Head and shoulders pattern.
WIF to 10Billion USD Market Cap⛑️WIF is more than just a dog wearing a hat; These are the famous words on the website of dogwifhat.
Just like BYBIT:BONKUSDT , WIF is shaping a new era in finance and technology on Solana chain.
This is another meme token on Solana and idea is simple bring as much traffic as possible to the Solana Chain. That's why Binance listed Wif after it made more than 500x. This token first need to make a correction around %70 to %80 before doing anything proper. I might be wrong to take a short position from here but at one moment that correction is needed for a healty growth.
As CRYPTOCAP:SOL reach new highs like $500 $800 in this year. This meme token will bring as much people as possible to the chain.
That's what I think when everything go into the Euphoric phase. I'm just a simple TA guy learning and testing new ideas. This token won't make you millioner. It's just a simple token to have fun.
💸: If the price hits to this Emoji on the chart, I will make my purchases in 3 different times.
Please always dyor and I'm not your financal advisor and this is not a financial advise. If it does not work for me I have nothing to to lose as I put my buy orders to the %70 correction line. This token already made 1000x + more. Please be careful.Good luck.
Will update it time to time. Let me know what you think of it.
The Hat Stays On...After going over many charts I've come to the conclusion that most moves are big wave 1-2s and we're currently working on completing the 2 - bias is we're in for a big alt season and this market will trend higher for some time.
WIF correction is underwayThe tokn has completed a cycle and started a correction already.
Already broken the price channel of wave b, confirming it has ended. Now wave c is in place with target around 1.6
$WIF - Zones of interest for LONG entriesCRYPTOCAP:WIF has recently printed a new lower high, broke out from a pennant, did a Change of Character and now seems to be looking for drawing a new lower low to finally establish a continue of a bull trend.
Price going below 2.40 could invalidate the bull trend, but there are several zones of interest to buy CRYPTOCAP:WIF for a long entry, these being:
3.2 usd
3.1 usd
2.9 usd
2.7 usd
2.5 usd
WIFAs you can see, after each new moon there has been a selloff in WIF.
Each selloff sends price to the lower bound of this parallel channel that has supported price since March.
Each lower bound touch has been a good buying opportunity.
Is this time different?
WIF is coiled like a springand can explode upwards at any moment
look at those bollinger bands how they have been ranging sideways for quite a while a now
Volatility has left this asset
and can return at any moment I expect
#BollingerBand expansion is upon us.
Looking for longs on $WIFWhat doesn't make sense to me is that during this range of almost 2 months, there was clear accumulation throughout the range as shown via OBV, however price is diverging?
To my knowledge shorts have been suppressing the price down, and I believe this could be a catalyst to send price. Like a charged and fully loaded spring, its just a matter of time before it bounces.
I will be looking to long the breakout. But first I expect to fill the wick to the downside lol.
DOGWIFHAT #WIF NEAR TERM is TARGETTING $4.06-$4.33Per a inverse head and shoulders pattern that CRYPTOCAP:WIF is just now challenging the neckline.
Overall the structure that WIF has laid down these past few months suggests a wonderful surge in prices that could see WIF getting close to the $10 zone
#Memecoins are so powerful and make up a huge portion of the crypto sector.
It is safer to allocate to the new and LARGE coins
that have deep liquidity and bug 24 h volume
that the brand new coins which most retail gamble on and and end up walking away with nothing buy sob stories.
WIF: Solana memes about to surge furtherIf you follow me on Substack you'd be aware of my recent long entry into Solana and BONK, and now we have a pretty awesome opportunity in WIF. Time@Mode predicts an 11 week up trend, with 30% risk to the stop and potential upside of up to 1027%.
Very juicy reward to risk and odds of success at play. I suggest risking reasonable amounts, like 1%-2%-5% of your capital, which considering the 30% stop would give you a size of 3.33%, 6.66% or up to 16.65% in WIF to risk the suggested % of portfolio if the trade fails.
You can utilize spot positions or trade with leverage, but if you do wish to use leverage, you can deposit enough collateral to accommodate your desired size in the trade over at Zeta Markets you can gain a share of their coming airdrop.
Best of luck!
Cheers,
Ivan Labrie.
Dog Wif Hat (looks like Ethereum)Hey everyone its Dalin Anderson.
Today we look at Dog Wif Hat. This coin will probably take over the world if we aren't careful.
You can't trust people who wont buy meme coins (They have no soul).
Get ready for some barking moves up to new all time highs.
Millionaires will be made. Time to crochet a hat for my dog.. BYE...
- Stay Profitable -
Is $WIF prepping for a breakout?I am bullish on crypto, because people gamble like degens and it is pure trading nothing. CRYPTOCAP:WIF is the king of CRYPTOCAP:SOL meme tokens. When this breaks and holds on the daily, I will get long.
MEME SEASONIt's meme season all over again. Pepe & Floki leading and we can also expect Wif to catch up and even pump harder in coming weeks.
Good reminder to always manage risk as these pairs can move very quickly to any extremes.
Bears Rekt...This will be another liquidity guzzler for the majority of the year - won't be surprised if it goes much higher either - many ppl look for the next best thing in crypto when all you really have to do is identify the winners and own them.
WIF 4-5 SetupWIF 4-5 setup, the price reached wave-4 support zone area. You can start scaling in into support scaling out into resistance.
Note:
The 1-2 setup in trading is often preferred over the 4-5 setup due to its positioning early in the Elliott Wave sequence. The 1-2 setup occurs just as a new trend is beginning, offering a higher potential for significant gains as the trend develops. In contrast, the 4-5 setup occurs towards the end of the trend, where the movements are typically smaller and the risk of a reversal is higher. This makes the 1-2 setup generally more appealing for capturing larger trends with potentially lower risk.
WIF 4-5 SetupWIF 4-5 setup, the price reached wave-4 support zone area. You can start scaling in into support scaling out into resistance
Note:
The 1-2 setup in trading is often preferred over the 4-5 setup due to its positioning early in the Elliott Wave sequence. The 1-2 setup occurs just as a new trend is beginning, offering a higher potential for significant gains as the trend develops. In contrast, the 4-5 setup occurs towards the end of the trend, where the movements are typically smaller and the risk of a reversal is higher. This makes the 1-2 setup generally more appealing for capturing larger trends with potentially lower risk.
