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WIF / TetherUS

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WIFUSDT trade ideas

WIF/USDT 4HOUR CHART UPDATE !!Hello friends, welcome to this WIF/USDT update from Crypto Sanders. Chart Analysis:- Hello friends, what do you think after seeing the chart? Please comment on the WIF/USDT 4-HOUR update. Currently, WIF is traversing within the confines of a symmetrical triangle pattern. Recent price action indicates rejection from the resistance trendline, where both the MA 100 and the Ichimoku cloud have acted as formidable barriers. The Relative Strength Index (RSI) is positioned within the neutral zone, signaling a state of equilibrium between buying and selling pressures. As the price oscillates within this geometric formation, investors and traders are advised to exercise patience and await a decisive breakout or breakdown of the triangle, as this will confirm WIF's next directional move. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
Coinbase Set to Launch Dogwifhat ($WIF) Perpetual FuturesCoinbase, a leading cryptocurrency exchange, has announced plans to expand its derivatives offerings by launching Dogwifhat ( CRYPTOCAP:WIF ) perpetual futures for non-U.S. customers on April 25, 2024. The move is aimed at widening the range of products offered by the exchange, particularly in the derivatives market, which has experienced robust growth over the past few months. This follows Coinbase's approval last year to offer these products to non-U.S. customers in selected jurisdictions, allowing the exchange to expand its derivatives offerings into a sector that is becoming increasingly attractive to traders seeking to capitalize on the volatility of the cryptocurrency markets. The interest in cryptocurrency derivatives is growing, reflecting the need for more diverse and sophisticated trading tools, which Coinbase seeks to meet with its latest offerings. According to a report, derivatives trading volumes increased by 86.5% in the last month, amounting to a total of $6.18 trillion. Dogwifhat ( CRYPTOCAP:WIF ) perpetual futures trading will commence on April 25, 2024, at 9:UTC 30 for non-U.S. customers. The move is expected to attract many traders, given the recent performance of the meme coin. The main factor for its demand and volatility is its listing on large exchanges and the recovery of the overall cryptocurrency market. Upon the news of the futures trading, Dogwifhat rose from $2.26 to $2.65, with a marked increase in its 24-hour trading volume. Coinbase has received a partial nod to provide cryptocurrency futures trading for U.S. retail investors through Coinbase Advanced, having undergone strict evaluation by American authorities. The National Futures Association in the U.S. granted its approval to Coinbase, which is a milestone in offering diversified trading options to clients amidst the tough regulatory environment in the country. Overall, the announcement of the CRYPTOCAP:WIF perpetual futures launch on Coinbase Global Exchange and Coinbase Pro is expected to stimulate high trading activity in Dogwifhat ( CRYPTOCAP:WIF ). Traders and investors are closely monitoring the market dynamics, which could result in a bullish period for both the meme coin and Coinbase's derivatives market strategy.
Long
by DEXWireNews
WIF looks bearishNote: The volatility of this shit coin is high Considering that the trendline has been lost and we have a bear CH on the chart and the resistance range is strong, this bullish movement is expected to be a pullback. The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
1
Dogwifhat (WIF): A Popular Meme Coin with PotentialDogwifhat (WIF), also playfully referred to as "Doge with a Hat," is a meme coin that has gained significant popularity in the cryptocurrency space. Launched in November 2023, it quickly captured attention with its Shiba Inu dog mascot sporting a pink knitted hat. Here's a closer look at Dogwifhat, including a technical analysis of its price chart: Meme Coin Craze: Meme coins, often featuring lighthearted or humorous themes, have become a prominent aspect of the cryptocurrency landscape. Dogwifhat falls under this category, capitalizing on the popularity of dog-themed meme coins like Dogecoin and Shiba Inu. Community Driven: Dogwifhat boasts a vibrant online community that actively promotes the coin. This community support can be a significant factor in the growth and popularity of meme coins. Price Performance: Despite its recent launch, Dogwifhat has experienced impressive price gains. As of March 24, 2024, it holds a market capitalization of over $2.3 billion and ranks #51 on CoinMarketCap. While past performance doesn't guarantee future results, this rapid rise has undoubtedly captured the attention of investors. Limited Information: It's important to note that Dogwifhat, like many meme coins, currently lacks real-world utility or established use cases beyond its status as a collectible or speculative investment. Technical Analysis: While meme coins are known for their volatility, a technical analysis of Dogwifhat's 4-hour chart reveals a potentially bullish pattern: Falling Wedge: The chart appears to be forming a falling wedge pattern. This pattern is generally considered bullish and indicates a potential reversal of a downtrend. The converging trendlines suggest buying pressure absorbing selling pressure, potentially leading to a price increase. A breakout from the wedge, ideally with increased trading volume, could signal an upward move. Target Price: Based on the falling wedge pattern, the target price for DOG could be around $4. This target is calculated by measuring the height of the wedge at its widest point and adding that distance to the breakout point above the upper trendline. Important Considerations: Technical analysis is a valuable tool, but it's not a guaranteed predictor of future price movements. Other factors like market sentiment, news events, and overall market trends can influence the price. This analysis explores a potential opportunity, but it's vital to conduct your own research before making any investment decisions. Considering Dogwifhat: If you're considering investing in Dogwifhat, here are some key points to remember: High Volatility: Meme coins are known for their extreme price fluctuations. Be prepared for significant swings in value. Research is Key: Conduct thorough research on Dogwifhat, including its development team, roadmap (if any), and the overall meme coin market. Invest Responsibly: Only invest what you can afford to lose, as the cryptocurrency market remains unpredictable. Conclusion: Dogwifhat has emerged as a popular meme coin with a strong community and impressive initial growth. The technical analysis on the 4-hour timeframe suggests a potential bullish breakout from a falling wedge pattern. However, due to its recent launch and lack of utility, it's crucial to approach it with caution, conduct your own research, and employ a well-informed investment strategy.
Long
by ParabolicP
31