#WIF/USDT ANALYSIS
WIF is currently trading above the horizontal demand zone of a descending triangle. This suggests a potential bounce, with a breakout of the pattern confirming a bullish trend.
However, the Ichimoku cloud is also acting as resistance.
Conversely, a break below the triangle could signal a downward movement.
WIF is currently trading above the horizontal demand zone of a descending triangle. This suggests a potential bounce, with a breakout of the pattern confirming a bullish trend.
However, the Ichimoku cloud is also acting as resistance.
Conversely, a break below the triangle could signal a downward movement.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.