WIF - Picture Perfect Prediction
Looking back at our previous post, Viaquant just nailed another prediction! Was waiting for CRYPTOCAP:WIF to enter our "ideal buying zone" and we came within $0.06 of that prediction. We were expecting a drop to $2.40-$2.50 and on this flash crash today WIF found a low at $2.56.
WIFUSDT trade ideas
#WIF - Next leg up loading -> Min 40% Are you ready for the next leg up for BINANCE:WIFUSDT ?
Price is now inside the massive bullish swing retrace:
1. Just hit 0.618 retrace
2. Is forming a huge 4h hidden bullish divergence on both RSI and Stochastic RSI (continuation pattern for beginners)
3. There is plenty of liquidity above those juicy high wicks
Pack your bags now, you don't want to miss this one, it's close to 50% to break the nearest high!
Follow for more ideas and drop me a comment with what other charts you want to see!
WIFUSDT - Blue Box as a Buy ZoneAs the price climbed, it left behind a clean demand zone, indicating an area where buyers were active and likely to defend. This zone could potentially act as support if the price retraces, providing a favorable area for long positions.
Key Notes:
Demand Zone: Blue Box Area
Market Sentiment: Buyers appear strong in this area.
Watch for potential retests of the demand zone for confirmation of strength.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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#WIF USDT#WIF USDT
#WIF The chart displays a bullish breakout from a descending wedge pattern, signaling a continuation of the uptrend. The current price is at $3.682, supported by strong momentum. Key support levels lie at $3.278 (Fibonacci 0.5) and $2.767 (Fibonacci 0.618), offering a safety net for potential retracements.
On the upside, resistance targets are set at $4.702, $5.621, and the ultimate target of $6.472, representing a significant 97% potential gain from the current level. The breakout confirms buyer strength, and further price advances are expected as long as the support levels hold.
WIF USDTCRYPTOCAP:WIF USDT
#WIF The chart displays a bullish breakout from a descending wedge pattern, signaling a continuation of the uptrend. The current price is at $3.682, supported by strong momentum. Key support levels lie at $3.278 (Fibonacci 0.5) and $2.767 (Fibonacci 0.618), offering a safety net for potential retracements.
On the upside, resistance targets are set at $4.702, $5.621, and the ultimate target of $6.472, representing a significant 97% potential gain from the current level. The breakout confirms buyer strength, and further price advances are expected as long as the support levels hold.
WIF/USDT - Swing Position - Date: 06/12/24
Name: WIF/USDT
Market cap
$3.33B
5.83%
Volume (24h)
$1.04B
26.04%
FDV
$3.33B
Vol/Mkt Cap (24h)
30.83%
Total supply
998.84M WIF
Max. supply
--
Circulating supply
998.84M WIF
Daily Time Frame – Swing Position – Long!
Reasons to be Bullish Case:
1) Structure: Market Structure shift
2) Current phase: Pull back and consolidating (at Support), generating liquidity both side.
3) Overall trend: Continuation of Bull Trend.
Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining ($75k – $80k)
5) Due to liquidity generated and Demand zone sitting below.
6) Invalidation below $1.82
Trade Plans:
BUY CMP: $3.33
DCA: $2.49 - $1.85
Invalidation: $1.82
Trend Based Fibionacci Targets:
Target 1: $6.17
Target 2: $9.09
Target 3: $10.89
Target 4: $ 13.8
**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **
$Wif bullish breakoutCRYPTOCAP:WIF AKA Dog Wif Hat recently was listed by not only Coinbase but also Robinhood recently. CRYPTOCAP:WIF is now listed on all major exchanges and is currently the top Solana memecoin by marketcap. A dog wif a hat is a simple concept to grasp and is light hearted and humorous.
Technicals
1. Price using the 50ema as support instead of resitance
2.Up trend in MACD a momentum and direction indicator
3.Strong trend line with higher lows
4. Consolidation/accumulation in a prior distribution zone
5. Coiling between $3-$3.5 while there is a bullish trend supporting it
My PT is $8.88 by end of January but once CRYPTOCAP:WIF hits all time highs above $5, $10 might come sooner rather than later.
Final profit target is $100
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.