BULLISH ON WIF ..LOLIm bullish on Wif
the areas on the line are places we expect WIF to be at in a few days
WIFUSDT trade ideas
Dogwifhat Price Analysis: Is a Reversal on the Horizon?Current price action for BINANCE:SOLUSDT suggests that the meme coin is facing strong resistance at $1.6809, with further resistance levels at $1.7204 and $1.8468. These levels represent potential barriers that the price must overcome to initiate a bullish reversal. On the downside, immediate support is observed at $1.5572, with a critical support level at $1.524. A break below these support levels could lead to further declines, signaling caution for traders considering long positions.
The 9 and 20 Exponential Moving Averages (EMAs) are currently positioned above the closing prices, reinforcing the bearish outlook. The downward slope of the EMAs indicates that selling pressure remains dominant in the market.
Meanwhile, the Moving Average Convergence Divergence (MACD) further confirms the bearish sentiment. The MACD line remains below the signal line, and the histogram continues to print negative values, suggesting sustained bearish momentum. This bearish crossover typically signals that the selling pressure could persist in the near term.
Relative Strength Index (RSI) values, hovering around the 30-40 range, indicate that the Dogwifhat price is approaching oversold conditions. While an RSI below 30 usually suggests a potential for a bullish reversal, the current readings imply that the price might continue to face downward pressure before any significant recovery occurs.
For traders looking to capitalize on the current market conditions, the prevailing bearish indicators suggest a cautious approach. Short positions could be considered if the price fails to break above the $1.6809 resistance level, with potential exit points around the $1.5572 and $1.524 support levels.
Conversely, for those anticipating a bullish reversal, it would be prudent to wait for confirmation of a break above the $1.6809 resistance level before entering long positions. A successful breach could pave the way for targeting higher resistance levels at $1.7204 and $1.8468, with stop-loss orders placed just below the $1.5572 support to manage risk.
The current technical outlook for the Dogwifhat price on the 4-hour chart suggests a bearish trend, with significant resistance levels limiting upward movement and technical indicators pointing to continued selling pressure. Traders should exercise caution and consider both the potential for further declines and the possibility of a bullish reversal when planning their trades.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
WIF summer accumulationSome chart patterns and what I would like to see to be confident in a hold for the H2 of the crypto bull market.
WIF Trade Setup#WIF in the hourly timeframe is holding support at $1.655. A bounce back, followed by a breakout above the $1.77 resistance, will most likely set a bullish trend aiming for a decent 20% gain.
- Entry: $1.655 to CMP.
- Stop loss: $1.5448.
- Leverage: 3x to 5x.
- Targets: $1.77, $1.87, $1.98, $2.05.
Make sure you do your own research before investing.
Regards,
Team Dexter.
#wif #cryptomemes
WIF Plan**WIF** is looking good here. It's getting support on the daily timeframe and showing upward momentum. You can take an entry with a small stop-loss (SL). If the SL is hit, then the next level is mentioned.
WIF Breakout downtrend...Seems like WIF will fall by Elliot Symmetrical Wave pattern, on E can be another good buy moment but we can also already fall underneath. I expect WIF to go to atleast 1.20.
This is no financial advice, always DYOR.
$WIF Holding On For Dear LifeCRYPTOCAP:WIF down 65% in the past 100 days.
Holding onto the .236 Fib for dear life.
RSI and EMAs show more downward pressure ahead.
The descent started just 18 days after @blknoiz06 announced the Vegas Sphere Ad had been fully funded.
"Representatives from the Sphere had crafted new “crypto-specific” terms after hearing of the campaign, adding that there had been internal meetings to develop their crypto-related policies in response to the initiative.
There was a small chance the deal could still fall through, owing to doubts around requirements the WIF community or partnering companies could not agree to, but said so far, this “had not been the case.
If it was canceled, we would let you know immediately and all funds will be returned.”
~Mihir, one of the WIF organizers via @Cointelegraph
Wif Breakout confirmdWIF looks like the Symmetrical Triangle pattern has broke through in a uptrend, expecting WIF to go to 2.30 and from there maybe to 3. If WIF goes higher then 2.30 then we expect 3, from there WIF maybe can go higher then 3. If not WIF might go back to where we are now or maybe lower to 0.8.
WIF - What about the hat?Like most charts out there at the moment, this one clearly broke down from htf uptrend.
Now ranging between $1.6-2.4, it gives great volatility even for spot trades. I longed some on the retest of $1.6-7, looking for $2 and maybe a squeeze to $3.
I we can't hold current levels, there is a volume gap all the way to $0.8, after that it's $0.2. Getting into shorts for this will probably not be easy, as it squeezes so hard both ways. Around $3 would be your best shot, or you could get in after it finished deviating the current range.
Long scenario is covered already, you had 3 chances to get in here at the lows, which show clear volume interest on the volume profile. Buying this any higher than $2 is simply a no-go for me and I'll be quick to get out if it loses support here.
This is how you fix WIF chartGet back into the multi month range, chop a little bit at the bottom range for a while. Then slowly build up some momentum towards the end of the year and seek for new highs eventually.
Trying to keep this as simple as possible
WIF - ShortWIF has broken down the long term uptrend and is making a HnS pattern , it seems likes retest has happened but there might be a possibility for a short squeeze and then the journey down to the FVGs.
Looking forward to this trade setup.
WIF ANALYSIS (1D)WARNING: This symbol has high volatility, it is better to scalp on this symbol
This famous symbol of Solana network seems to have entered the correction.
From where we placed the red arrow on the chart, it seems that the WIF correction has started.
Correction looks like a complex pattern like diametric.
We are looking for sell/short positions in the red range and buy/long positions in the green range.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#WIF/USDT breaks the Diagonal Trendline#WIF/USDT breaks the Diagonal Trendline, heading towards the Daily FVG in Daily TF!
Wait for a fvg to be filled to open a long position. #WIFUSDT local support level is PML $1.46. The local resistance level is PWH $2.26.
WIF VERY GOOD LONG OPPERTUNITYWIFUSDT did C H o C H and shifted its trend into bullish now. I am using OB+FVG+SSL trading strategy to open long positions as we are in uptrend now.
Wif shortLooks like a good potential short down to the 2.17-2.05 level. If price rejects 2.17, i think it will form a triple top around 2.35
WIFUSDT(dogwifhat) Daily tf Range Updated till 01-07-24WIFUSDT(dogwifhat) Daily timeframe range. fairly new PA here as of that it got good amount of trading opportunity from both sides. free money if one can catch those setups. for now trying to get over 2.3197 need a valid close for that to move forward. local retrace point at 1.5733.
Wif LongWIF/USDT has recently broken out of an inverse head and shoulders pattern on the 4-hour timeframe, suggesting a potential rally of 35-40%. It is recommended to consider entering the market within the $2.16 to $2.28 range to take advantage of the projected upward movement.
WIF/USDT BREAKOUT DONE! READY FOR A 40% PUMP!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
WIF/USDT breaks out from the inverse head&shoulder pattern in 4hr time frame. After this breakout we can expect a good 35-40% rally from here. Long some here and add more in the dip.
Entry range:- $2.16-$2.28
Targets:- $2.46/$2.72/$3.06
SL:- $2.06
Lev:- Use low leverage (Max 5x)
WIF/USDT is moving above a buy zone.The WIFUSDT is moving around the buying zone, from which a potential rebound may result in an increase of approximately: 28%, 56%, 103% and 180%. It is worth including a stoploss around 1.4$ in case the BTC price starts to drop rapidly.
WifHi The token came to the position set zone, I expect from the current reversal and a new uptrend, to the zone and balance, there I will fix the first profit
WIFExpecting not to revisit the previous day lows on this, so I bought spot.
As always, secure your profits if it does go up.
#WIF Rally Mode: Your Chance to Buy and Prosper!**Technical Analysis Chart Description:**
Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings:
1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions.
2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action.
3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis.
4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns.
5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses.
6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions.
**Disclaimer for Crypto Trading:**
Trading cryptocurrencies carries inherent risks, and it's important to understand the following:
Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses.
Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky.
Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices.
This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets.
By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
