WIFUST trade ideas
Bullish Shark On $WIF's Monthly ChartI haven't really posted much on Carney's Harmonic Patterns, but as I was working on some material for The Litepaper, I glanced at dogwifhat's monthly chart and noticed it looked very much like shark pattern - but I wasn't even 80% sure. Had to pull out my notes.
Turns out, dogwifhat's monthly candlestick chart is a perfect Bullish Shark Pattern
AB = 0.982 of XA โ Nearly a 1.0 retracement, which fits within the Shark's extended AB range (0.886 โ 1.13 XA).
BC = 0.992 of AB โ Deep retracement, typical of Shark formations where BC is 0.50 โ 1.00 of AB.
CD = 1.147 of BC โ Falls within the expected 1.13 โ 1.618 BC extension for a Shark.
XD = 1.125 of XA โ Bulls-eye confirmationโShark patterns complete at 1.13 โ 1.618 XA extension, and your 1.125 is right in that range.
Given Carney's rules, the targets are the 50%, 61.8% and full reversal of CD:
$2.67
$3.04
$4.83
Will be fun to see how it plays out.
If there's a dip below $0.40, then it's invalidated.
UNIVERSOFSIGNALS| WIF:Diving into the Dynamics of a Popular Meme๐ Welcome to UNIVERSOFSIGNALS !
In this analysis, I want to examine the coin WIF, which you requested in the comments. This project is one of the famous meme coins in the crypto world, operating on the Solana network, and it has a market cap of $655 million, ranking it 105th on CoinMarketCap.
๐
Daily Timeframe
In the daily timeframe, we are witnessing a downward trend that started from a high of 3.9560 and has continued down to 0.5852. The market volume has also converged with the trend, indicating that the selling pressure has been much stronger than buying.
โ If you previously purchased this coin, you should have set a stop-loss after the price stabilized below 1.3886. However, if you havenโt done this yet, I cannot specify a stop-loss area for you now because there's a significant support area at 0.4464, and we need to see how the price reacts to this area.
๐ If you're looking to buy this coin, first of all, I should mention that purchasing meme coins is very risky, and I personally neither buy meme coins nor recommend buying them. But if you want to buy this coin, you should wait for a trend reversal. For a trend change, we need a new structure to form and a suitable trigger to confirm the trend change.
๐ผ If the price breaks 0.5852 and the RSI enters the oversold area, we could open a very good long-term position. A break of 34.36 in this indicator gives us the first confirmation of entering bullish momentum, but this confirmation is not reliable at all and only serves to confirm futures triggers.
โณ 4-Hour Timeframe
In the 4-hour timeframe, I want to specify the futures triggers for you. We also have an interesting ascending channel, to which the price has reacted very well so far, and breaking this channel from any side could provide a good position.
๐ Currently, it seems there's a range box between 0.5734 and 0.7803, which has timed the price's move from the box's floor to its ceiling.
๐ For a long position after the channel break, you can enter with a trigger of 0.7803 targeting 1.0411 and 1.345, but keep in mind that we've had a very strong downtrend, and this position is against the trend.
๐ฝ For a short position, our trigger is very clear, and if 0.5734 is broken, you can enter, and your target could be the bottom of the channel.
๐ Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and donโt forget to share this analysis with your friends! โค๏ธ
TradeCityPro | WIF: Diving into the Dynamics of a Popular Meme๐ Welcome to TradeCityPro!
In this analysis, I want to examine the coin WIF, which you requested in the comments. This project is one of the famous meme coins in the crypto world, operating on the Solana network, and it has a market cap of $655 million, ranking it 105th on CoinMarketCap.
๐
Daily Timeframe
In the daily timeframe, we are witnessing a downward trend that started from a high of 3.9560 and has continued down to 0.5852. The market volume has also converged with the trend, indicating that the selling pressure has been much stronger than buying.
โ If you previously purchased this coin, you should have set a stop-loss after the price stabilized below 1.3886. However, if you havenโt done this yet, I cannot specify a stop-loss area for you now because there's a significant support area at 0.4464, and we need to see how the price reacts to this area.
๐ If you're looking to buy this coin, first of all, I should mention that purchasing meme coins is very risky, and I personally neither buy meme coins nor recommend buying them. But if you want to buy this coin, you should wait for a trend reversal. For a trend change, we need a new structure to form and a suitable trigger to confirm the trend change.
๐ผ If the price breaks 0.5852 and the RSI enters the oversold area, we could open a very good long-term position. A break of 34.36 in this indicator gives us the first confirmation of entering bullish momentum, but this confirmation is not reliable at all and only serves to confirm futures triggers.
โณ 4-Hour Timeframe
In the 4-hour timeframe, I want to specify the futures triggers for you. We also have an interesting ascending channel, to which the price has reacted very well so far, and breaking this channel from any side could provide a good position.
๐ Currently, it seems there's a range box between 0.5734 and 0.7803, which has timed the price's move from the box's floor to its ceiling.
๐ For a long position after the channel break, you can enter with a trigger of 0.7803 targeting 1.0411 and 1.345, but keep in mind that we've had a very strong downtrend, and this position is against the trend.
๐ฝ For a short position, our trigger is very clear, and if 0.5734 is broken, you can enter, and your target could be the bottom of the channel.
๐ Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and donโt forget to share this analysis with your friends! โค๏ธ
WIF Is Going To Come Down Hard Be CarefulWIF is way overextended and overvalued. There is bearish divergence on many indicators on almost all higher timeframes. I think WIF comes down to tap the trendline at $1.40 and a small bounce then it falls swiftly into the wedge again. Where is goes from there I dont know but I will update the chart at that time.
This is not finainclal advice this is just my opinion.
LIKE, AND FOLLOW ME + THIS IDEA FOR CONSTANT UPDATES. THANK YOU
This chart represents a possible Elliott Wave analysis with fiveKey Points:
Current Situation: According to the chart, the price is in Wave 4, which is a corrective phase. If it holds the support zone (white box), Wave 5 may start.
Support Level: The price is currently testing a key support level. Holding this level could push the price upward.
Target: The next strong resistance is expected between 0.8451 โ 0.8877, aligning with Fibonacci retracement levels.
Risk: If the price breaks below the support level, it could drop further, invalidating Wave 5.
Conclusion:
If support holds, a bullish Wave 5 move is expected, aiming for higher resistance levels. However, if support breaks, a further decline is possible.
Long Trade Setup Breakdown for WIF/USDT - 30-Min Chart!๐
๐น Asset: WIF/USDT
๐น Timeframe: 30-Min Chart
๐น Setup Type: Bullish Breakout from Descending Triangle
๐ Trade Plan (Long Position):
โ
Entry Zone: ~0.670 USDT (Breakout Confirmation)
โ
Stop-Loss (SL): ~0.618 USDT (Below Key Support)
๐ฏ Take Profit Targets:
๐ TP1: ~0.729 USDT (First Resistance Level)
๐ TP2: ~0.798 USDT (Extended Bullish Target)
๐ Risk-Reward Ratio Calculation:
๐ Risk (Stop-Loss Distance):
0.670 - 0.618 = 0.052 USDT
๐ Reward to TP1:
0.729 - 0.670 = 0.059 USDT
๐ฐ Risk-Reward Ratio to TP1: 1:1.13
๐ Reward to TP2:
0.798 - 0.670 = 0.128 USDT
๐ฐ Risk-Reward Ratio to TP2: 1:2.46
๐ Technical Analysis & Strategy:
๐ Breakout Confirmation: A strong push above 0.670 USDT signals bullish momentum.
๐ Pattern Formation: Bullish Descending Triangle Breakout, indicating potential upside continuation.
๐ Key Support & Resistance Levels:
๐ข 0.618 USDT - Strong Support / Stop-Loss Level
๐ก 0.670 USDT - Breakout Zone / Entry Level
๐ด 0.729 USDT - First Profit Target / Resistance
๐ข 0.798 USDT - Final Target for Momentum Extension
๐ Momentum Shift Expected:
If price stays above 0.670 USDT, it could rally towards 0.729 USDT and 0.798 USDT.
A high-volume breakout would strengthen the trend continuation.
๐ฅ Trade Execution & Risk Management:
๐ Volume Confirmation: Ensure strong buying volume above 0.670 USDT before entering.
๐ Trailing Stop Strategy: Move SL to entry (0.670 USDT) after TP1 (0.729 USDT) is hit.
๐ฐ Partial Profit Booking Strategy:
โ Take 50% profits at 0.729 USDT, let the rest run to 0.798 USDT.
โ Adjust Stop-Loss to Break-even (0.670 USDT) after TP1 is reached.
โ ๏ธ Fake Breakout Risk:
If price falls below 0.670 USDT, wait for a retest before considering re-entry.
๐ Final Thoughts:
โ Bullish Setup โ Holding above 0.670 USDT could lead to higher targets.
โ Momentum Shift Possible โ Watch for volume confirmation.
โ Favorable Risk-Reward Ratio โ 1:1.13 to TP1, 1:2.46 to TP2.
๐ก Stick to the plan, manage risk, and trade smart! ๐๐
๐ #CryptoTrading #WIFUSDT #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
@vibes12
WIF ANALYSIS (2H)After pumping, changing CH, and clearing a supply zone, the price is now pulling back to lower order blocks.
In the lower zone, there is an overlap between the flip line and the QM level, which appears to be a strong area.
Additionally, the upper order blocks have been consumed, and if the price intends to continue its upward movement, there are no significant sell orders ahead.
Targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#WIF/USDT#WIF
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.650
We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.671
First target 0.716
Second target 0.751
Third target 0.800
WIFUSDT 1H โ Bullish Breakout from Falling ChannelThe chart shows WIFUSDT breaking out of a falling channel and retesting a key resistance-turned-support zone.
Setup:
The price broke out of the descending channel.
Retesting the breakout zone (yellow box) around 0.7000 - 0.7200.
Potential bullish continuation if support holds.
Entry:
๐ Long entry: 0.6800 - 0.7000 (on retest of support).
Stop-Loss:
โ ๏ธ 0.6500 (below the breakout structure to avoid fakeouts).
Take-Profit Targets:
โ
TP1: 0.7500 (previous structure resistance).
โ
TP2: 0.8200 (next major resistance).
Risk Management:
Risk-Reward Ratio: ~1:3
Invalidation: If price closes below 0.6500, bears regain control.
๐ Plan: If the support zone holds, expect bullish momentum toward the targets. If it fails, re-evaluate for bearish continuation.
Trading is risky! No setup is 100% correct. Manage your risk properly.
WIF (dogwifhat), my notes for long-termI expect it to rise above 1.48 in the first place, I see it as a buying opportunity between 0.6 - 0.8.
If it manages to rise above $1.48, we may need to re-evaluate the chart. Above, 2.7 - 3.5 - 7.5 can be considered as profit-taking targets. However, the confidence in memecoins has decreased and whether we will see these levels again is unlikely. But as I said, it would be good to do research on the market in general after 1.48. I have allocated a very small portion of my portfolio to this coin.
not investment advice
BUY SPOT SCALPING WIFUSDT๐ BUY SPOT SCALPING WIFUSDT
๐ข Short-term scalping opportunity for WIFUSDT โ Quick execution required!
๐ Trade Setup & Market Outlook
โ Scalping spot trade setup with a tight execution window.
โ Strict risk management required, as the signal expires after 1-2 days if the target is not met.
๐ Trade Plan:
Trade Type: Scalping Spot (Short-Term).
Entry Point: $0.668.
Target: $0.95 (~42% gain).
Hold Time: 1-2 days, after which the signal is automatically invalidated.
Capital Allocation: 30% of planned capital for this trade.
๐ก Key Considerations:
โ Monitor price action closely for rapid execution.
โ Exit manually if momentum weakens before hitting the target.
โ Apply stop-loss protection to manage risk.
๐ฅ WIFUSDT is set for a quick scalping opportunity โ Time-sensitive execution required! ๐
WIF - Waking up from the dead?Hey traders! ๐ Looks like WIF is testing a major support near 0.627 USDT, a critical Gann level.
๐น Holding above could trigger a reversal towards 0.869 - 1.191 USDT ๐
๐น A breakdown might lead to further weakness โ watch for confirmations!
-Seems like the chance to buy the hat at such cheap prices ^^
-Imho ^^, the worse is likely in and even if we get a pullback, we'll chop around near the lows.
Price at a Strong Support Zone:
The price is testing the 0.627 USDT level, which appears to be a key support in the Gann structure.
This level could act as a potential reversal zone if buyers step in.
2๏ธโฃ Bullish Scenario (Bounce from Support)
If the price respects this support and starts forming bullish candles, we could see an upward move toward:
0.869 USDT (First resistance level)
1.191 USDT (A stronger resistance level and possible target)
3๏ธโฃ Bearish Scenario (Breaking Support)
If 0.627 USDT is broken to the downside, the price might continue dropping toward lower levels such as:
0.400 USDT or lower, based on the Gann structure's projections.
4๏ธโฃ How to Confirm the Direction?
Watch price action at this support levelโif bullish reversal candles appear (like a hammer or bullish engulfing), it could signal a potential buy entry.
If the price closes below the support with strong bearish momentum, it could confirm further downside movement.
Watch for price action around the Gann grid lines works as your regular trend lines
it gets better when u recheck the chart after a few weeks too!
๐ก Conclusion: The price is at a critical level, so we need to monitor how it reacts here before deciding on the next move! ๐๐๐
๐ฏ What do you think? Are we going to see a bounce or more downside? ๐ค๐ฌ
WIF - Nearing downtrend breakoutGreat positive divergences taking place right now on WIF - A move above the trendline should see a snap move towards 0.73 and with BTC price holding, we should see a continuation further up.
There is still a large risk of another BTC move towards 90k, at which point WIF price would get further suppressed. But Risk reward is skewed positively in the long run from these levels.
WIF day tf TAThis chart shows the price dynamics of a cryptocurrency, analyzed using technical analysis. Here's what can be interpreted:
Elliott Waves:
The numbered waves (1โ5) indicate impulsive waves based on Elliott Wave Theory.
The (A, B, C) waves represent corrective waves.
Key Zones:
The blue horizontal lines mark significant support and resistance levels.
Patterns and Trends:
Cup and Handle: A bullish formation visible in the earlier period.
Bullish Pennant Pattern: A triangular pattern that suggests a potential continuation of the upward trend.
Falling Wedge: A bullish pattern indicating a potential price breakout to the upside.
Trends:
A downtrend line is visible (bearish trend), but there's a potential for a bullish breakout if the trendline is breached.
The forecast suggests the price may move within the marked "channel" in the near future.
Indicators:
The RSI indicator highlights bear and bull signals. Currently, bullish signals are observed in the lower RSI zone.
"Strong short signals" are marked as potential selling points.
Volume:
Volume plays a crucial role in confirming price movements. Increased volume is noticeable at certain points, potentially signaling market activity.
Summary: The chart shows potential bullish patterns and support zones that could lead to a price increase if resistance levels are broken. However, the descending trendline still poses a bearish risk. Indicators currently point to a bullish scenario, but confirmation is needed through a breakout above key resistance levels.
WIF/USDT โ Was That a Fake Breakdown? WIF/USDT โ Was That a Fake Breakdown?
WIF showed signs of a breakdown, but it might have been a fake move.
I expect the price to rise soon for the short term. No need to wait for dips, buy and hold. WIF is ready to break out of this zone.
DYOR and trade accordingly.
WIF what's Next... Reversal ?????Key Observations:
Price Action:
The price is currently trading around $0.6584.
The chart shows a strong downtrend from a previous high above $4.00, indicating a long-term bearish trend.
The price has reached a major support zone (marked in green), which aligns with previous accumulation levels before the big uptrend.
Support & Resistance Levels:
Major Support: Around $0.60 - $0.65, where price has previously consolidated.
Major Resistance: Likely around $1.00 (psychological level) and $1.50.
RSI (Relative Strength Index):
Current RSI: 23.97, which is in oversold territory (<30).
This suggests that the asset is heavily oversold and could be due for a bounce or relief rally.
However, RSI alone isn't a strong reversal signal; price action confirmation is needed.
Market Sentiment & Potential Scenarios:
Bullish Case: If the price holds the $0.60 - $0.65 support and forms a bullish pattern (e.g., double bottom, higher low), we could see a bounce towards $1.00 - $1.50.
Bearish Case: If the support breaks, the price could move lower, possibly towards $0.50 or lower before finding new support.
Trading Plan & Risk Management:
Potential Long Entry: If price consolidates above $0.65 with increasing volume and bullish structure.
Stop-Loss: Below $0.58 - $0.60 in case the support fails.
Profit Targets:
First target: $1.00 (psychological level).
Second target: $1.50 (previous resistance zone).
Confirmation Needed: Look for a bullish engulfing candle, increasing volume, or RSI divergence before entering a long position.
Conclusion:
The chart shows oversold conditions at strong historical support.
A potential bounce could happen, but confirmation is needed before entering a trade.
Risk management is crucial, as a breakdown below support could lead to further downside.