WIFUSDT trade ideas
WIF. High-Probability Setup. 12/04/24The asset is currently in an accumulation phase, presenting significant upside potential. Historically, breakouts from similar patterns can result in gains ranging from 100% to 200%.
Short-Term Outlook:
I anticipate a pullback to the mirror level, which could offer an excellent opportunity to open a long position or add to your spot holdings. Key entry points are marked with yellow horizontal lines (two pending orders).
Targets:
Futures: $4 - $5
Spot: $6 - $10
DYOR.
WIF - Respecting TrendOur last post for reference:
One of the thing we were watching for was if we would get a retest of the triangle. This would flip old resistance into new support. Today we get that retest and have so far closed 2 8H candles directly above the trendline showing buying strength in this range. As long as we do not see an 8H candle close back within the triangle, this should be the start of the breakout.
WIF - Breakout in ProgressHere is an update to our previous post:
What we can see is price was able to break above our orange trendline and breakout of the bullflag. We have also confirmed this with our purple line. This was a line of previous selling pressure around $3.33 that was also closed above showing strong amounts of buying.
Most likely WIF will continue to the upside from here, but if there are any pullbacks look for any entry at the orange trendline. This would be flipping the bullflags old resistance into a new level of support.
WIF/USDT Analysis: A New Opportunity Awaits!📉 WIF/USDT Analysis: A New Opportunity Awaits! 📈
The market is showing an interesting setup here:
🔹 The price has broken above the descending trendline—a potential sign of reversal.
🔹 A strong support zone (marked in purple) around $3.00-$3.20 has been respected multiple times, proving its reliability.
🔹 The moving average suggests a battle between buyers and sellers, indicating a potential accumulation phase.
💡 What can we learn?
Markets don’t always move in a straight line. Patience is the key to identifying strong breakout opportunities. A proper risk-to-reward strategy around this support could be rewarding!
Motivational Thought:
“Success in trading is not about predicting the future but preparing for it. Stay disciplined, trust your strategy, and believe in your growth!”
🚀 Let’s see how this chart evolves. Keep an eye on this breakout!
Do you see potential here? Share your thoughts in the comments! 🔥
WIF - 4H Bull FlagWe do see a sharp bullflag forming for WIF after our breakout of the white triangle. Now there are two scenarios. Either we break the upper orange trendline ("watch for breakout") or price will fall once more to the bottom orange trendline ("watch for retest"). If this fall in price did occur it would be completely healthy and would also be a retest of that white triangle as new support.
WIF - Weekly OulookOn the weekly timeframe it is very clear to see the best buying zone. If we break the 0.5 fib level we will fall to the 0.618-0.65 fib level. This would put price between $2.40-$2.50. It would also be a perfect retest of our white symmetrical triangle that was previously old resistance that should now act as new support. If this scenario plays out and we find support in that green box we could see a 168% pump to our initial target of $6.40.
Check out our next post "WIF - 4H Bull Flag" to see the contrary scenario.
Lingrid | WIFUSDT in the ACCUMULATION phase. LongBINANCE:WIFUSDT is currently experiencing a period of consolidation, creating fake breakouts, higher lows, and lower highs. Following a surge, the market has settled into a sideways movement while remaining above the psychological level at 3.00. Recent price action has formed an inverse head and shoulders pattern, which typically signifies a potential reversal. Given these developments, I expect the market to find support at the upward trendline and bounce higher from this level, indicating a possible upward move. My goal is resistance zone around 3.500
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
WIFUSDT - 1D TF - Bullish Falling WedgeThe pattern shows a possibility of Bullish Falling Wedge .
Based on Fibonacci, it is highly likely that it will visit 2.822 (0.5 level of Fib) before break out visiting its previous ATH at around 4.157.
This is confirmed by the 1W TF which shows the Inverted H&S & uptrending MA 13 & 21. The volume in 1D TF seems consolidating too before rallying.
Feel free to discuss.