Has WIFUSDT's Bullish Run Hit a Key Turning Point?Yello, Paradisers! With #WIFUSDT reaching recent highs, have we hit the peak, or is there room for more? Let’s break down the latest technical insights on WIFUSDT’s path after a clean trendline breakout on the 4H chart and a confirmed higher high.
💎#WIFUSDT has shown impressive bullish momentum, setting a new structure with the price pushing upward. However, the potential for a pullback looms, which could offer a prime opportunity for entry. Here’s what you need to watch closely.
💎Following the breakout and higher high, probability of wifusdt ,we could see a retracement to the 0.618-0.66 Fibonacci level, aligning with the fair value gap (FVG) around 2.423-2.401. This area intersects with a trendline, making it a potential consolidation zone where price may stabilize or bounce.
💎Should the retracement deepen, the primary support zone is established at 2.331-2.297. This level could act as a critical floor for WIFUSDT, providing stability if the price faces more downward pressure.
💎On the upside, WIFUSDT will face initial resistance around the recent higher high at 2.698. If bullish sentiment sustains, the next significant resistance area stands between 2.846-2.899. Breaking this could signal further upside momentum.
💎The bullish structure would be invalidated if the price closes below 2.29, which would signal a breakdown of both support and the trendline. This would be a critical shift, potentially marking the end of this bullish phase.
Stay vigilant and disciplined, Paradisers, as we’re at a key juncture that could either reinforce the current trend or indicate a shift. Always remember, consistency and strategic planning are essential in navigating these setups.
MyCryptoParadise
iFeel the success🌴
WIFUSD
WIF daily 100% gains buy/hold V-shape recovery setup for bulls🔸Hello guys, today let's review daily price chart for WIF . Noteworthy V-shape recovery in progress, with a decent sequence of higher lows, so overall chart looks good for further gains. limited downside currently.
🔸Strong gains previously in September/Octber, right now re-accumulation
in progress so expecting more gains in this market in November 2024.
🔸Recommended strategy bulls: bullish structure and compression in progress. Accumulate near market price in the highlighted zone. Price target for the bulls is 4.50 USD, so it's a 100% BUY/HOLD trade setup. good luck traders.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
$WIFUSDT Set for Takeoff - Memecoin Momentum Building!BINANCE:WIFUSDT has taken a small correction after hitting resistance, but it’s now poised for an upward move. As a memecoin on the Solana blockchain, BINANCE:WIFUSDT is positioned well to capitalize on the current trend in the memecoin market. With growing interest and momentum, we can expect a boost in price soon. Keep an eye on this one for potential gains!
BINANCE:WIFUSDT Currently trading at $2.6
Buy level: Above $2.45
Stop loss: Below $1.95
TP1: $2.9
TP2: $3.5
TP3: $4
TP4: $5.5
Max Leverage 3x
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Sell WIF/USDT Wedge Breakout in H4The WIF/USDT pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Days.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2.61, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2.22
2nd Support – 2.03
Stop-Loss: To manage risk, place a stop-loss order above 3.01. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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WIFUSDT Breakdown Confirmed: Is a Bigger Drop Coming? Yello, Paradisers! Is #WIFUSDT about to extend its decline? With a rising wedge pattern broken and key levels in sight, things could get intense soon! Here’s the critical breakdown:
💎#WIFUSDT has been consistently forming higher highs and higher lows. However, a rising wedge pattern developed, with multiple taps on the upper side acting as resistance. The wedge has now broken to the downside, confirmed by a retest of the support, and signaling a potential continuation of the bearish trend.
💎After the breakdown, there’s a high probability that WIFUSDT will retrace back to the 0.618-0.66 Fib zone for a retest. This area could provide a temporary bounce, but the overall trend remains bearish.
💎If WIFUSDT continues to fall, we could see a deeper correction taking the price to this crucial Fib level 0.786 which is around 2.38-2.30. A strong support zone around 2.03 , If the broader market weakness persists, this is where the next major stop could be. Keep an eye on this level as it could act as a solid floor.
💎There’s also a probability that WIFUSDT might spike upwards towards the supply zone, which aligns with the 0.786 Fibonacci retracement. However, even if this happens, the move will likely be followed by a further drop, so beware of potential bull traps in this zone.
💎The bearish thesis will be invalidated if we see a candle close above the supply zone at 2.9946.
Stay cautious, Paradisers. The market is showing signs of weakness, and the next leg down could be significant. Keep these levels on your radar!
MyCryptoParadise
iFeel the success🌴
WIFUSD is breaking above its 6-month Channel Down and targets 75Dogwifhat (WIFUSD) closed last week above the 1D MA200 (orange trend-line) for the first time since the week of July 22 and hit the top of its 6-month Channel Down. On the long-term cyclical outlook, this Channel Down can technically turn out to be nothing but a Bull Flag in the continuation scale of the Bull Cycle.
If this week's 1W candle manages to close above the Channel Down/ Bull Flag, we expect at least another +6842% rise, similar to its first one, and target $75.000.
The 1W RSI and MACD both support this bullish scenario as the first already broke above its MA line on September 16, while the 1W MACD just completed a Bullish Cross, its first ever.
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dogwifhat WIF price is preparing to pleasantly surpriseYesterday, when the crypto market was falling, CRYPTOCAP:WIF price held up quite well. This may mean that the growth target has not yet been reached.
In continuation of our global idea from 07.05.24, where we wrote that buying OKX:WIFUSDT at $1.35 is not a bad idea!)
Now we can assume that #dogwifhat buyers are preparing to exit the protracted upward correction channel.
As long as the price of #WIFUSD is in the range of $2-2.25 and above, the upward trend remains.
TP1 - $3.50
TP2 (medium term) - $4.80
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Sellers Ready to Take Control? WIFUSDT Facing a Critical Moment!Yello, Paradisers! Have you been tracking #WIFUSDT’s recent price action? After hitting the crucial retracement levels of 75-80%, WIF has started to lose momentum, with buyers struggling to maintain control.
💎If bulls fail to step in soon, #WIF could see the break of psychological support of $2.0, which would then expose the price towards further downside initially targeting $1.90 minor support level. This is where price could take a minor reaction however, if momentum remains weak price would then put the strong support region of $1.650 to $1.580 into focus. This is where a confluence of support levels exists that could lead to a substantial recovery or a powerful reversal.
💎These strong support levels are where strong confluence is found, making them critical areas to watch for potential price stabilization or even a robust reversal. Should buyers show up here, we could see a notable recovery. However, until bulls regain control, WIF remains vulnerable to further declines.
💎WIF has a strong resistance zone at $2.650 to $2.80, which has already proven to be a significant barrier, halting the major rally. For bulls to regain momentum, they need to secure acceptance above this region. Failure to break through could keep sellers in charge, maintaining bearish pressure on the price action.
Stay sharp, Paradisers! If you want to survive in this volatile environment, always play it safe and focus on levels that matter.
MyCryptoParadise
iFeel the success🌴
WIF 2.567 Long! An anomalous point on the chart!🤖🔥🚀 An anomalous point has been detected on the WIF chart!
🔥 The chart has a nice nudge to the level formed by the Limit Seller.
🚀 WIF 2.567 Long!
Breakout entry pattern
First target 2.937
Second target 3.167
Third target 3.454
💡 WIF is a volatile coin, so use leverage no more than 20x!
Stop short
Consolidation After a Strong MoveAfter an impressive run to $1.77, WIF is currently stabilizing around $1.65 with mixed technical indicators pointing toward consolidation.
Bollinger Bands (BB) Narrowing
The price is sitting near the BB Basis of $1.67, with the upper and lower bands at $1.70 and $1.64, respectively. The Bollinger Bands are tightening, suggesting volatility may decrease, and we could see a period of sideways movement.
RSI Neutral, But Treading Caution
The RSI is holding at 50.96, indicating neither overbought nor oversold conditions, but with the RSI-based moving average sitting higher at 59.16, the market may lean slightly bearish unless renewed buying pressure emerges soon.
MACD Shows Weak Momentum
The MACD has crossed slightly negative with a histogram reading of -0.009, indicating weak momentum for a continuation rally. The MACD line is sitting at 0.015, just below the signal line at 0.024, signaling potential further cooling in the short term.
Support and Resistance Levels
Key support lies at the Lower BB of $1.64 and SMA at $1.668. Breaking below these levels could see WIF revisiting the $1.55-$1.60 range. On the upside, immediate resistance is at $1.70, with a potential target of $1.77 if buyers step in.
Stochastic Oscillator Suggests Oversold
The %K and %D values are extremely low at 8.97 and 12.39, indicating the market is oversold. This could lead to a near-term bounce if demand picks up.
OBV Negative
The On-Balance Volume (OBV) shows a significant drop of -179.13M, suggesting that selling pressure outweighs buying interest for now, a bearish signal to watch.
Short-Term Outlook
WIF appears to be consolidating after its recent rally. With the tightening Bollinger Bands and weak momentum on the MACD, expect some sideways trading within $1.64 to $1.70 unless new buying volume enters the market. Watch for a break above $1.70 for bullish continuation, or below $1.64 for a potential dip toward $1.55.
Stay alert for any spike in volume or changes in whale activity, as these could trigger the next leg up or down. If you're looking for a quick trade, monitor the stochastic for an oversold reversal.
Reliable supports for WIFAfter fluctuating within the support range of 1.4 to 1.5, WIF is now in a position where this zone can serve as a strong support. This area has a history of holding prices against declines and could be an attractive accumulation point for investors.
If the price stabilizes at this level and bounces upward, the first resistance targets to watch are 1.68 and 1.73. These are potential medium-term targets for traders, as past price action has shown these areas to be strong resistance zones.
In the event that these resistances are broken, the final target is around 1.82, which may be achievable in the longer term. If the market remains favorable and the trading volume continues to support the price movement, hitting this target becomes increasingly likely.
Trading Signal For WIFUSDT Trading Setup:
There is a Trading Signal to Buy in WIFUSDT dogwifhat (h1)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 1.538
⭕️SL @ 1.460
🔵TP1 @ 1.770
🔵TP2 @ 1.923
🔵TP3 @ 2.165
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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WIFUSDT on the Verge of a Breakout – Will You Catch the Wave?Yello, Paradisers! Is #WIFUSDT about to break free, or will the market throw us a curveball? 😎
💎#WIF is currently trading within a cup and handle pattern, hovering around a critical neckline resistance. If a strong breakout occurs above 1.625, it could unlock significant upside potential. The price is likely to target the 1.705 level initially, where minor resistance might lead to some profit-taking. However, if the momentum holds, WIF could reach its pattern targets between 1.77 and 1.80.
💎While the bulls are eyeing this breakout, keep in mind that price could still surprise with some manipulation before heading higher.
💎Minor support is positioned at 1.570, which closely aligns with the EMA-50 level. This EMA is beginning to act as a key trend driver for WIF. As long as this EMA holds, further downside re-tests are unlikely. Although the chances are minimal, if the EMA-50 is breached, WIF may revisit its strong support zone before any renewed attempts to move higher.
Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO!
MyCryptoParadise
iFeel the success🌴
Is WIFUSDT About to Make a Major Move? Yello, Paradisers! Are we about to witness a decisive move in #WIFUSDT? The pair has shown impressive strength recently, consistently making higher highs and higher lows. But as always, the market is at a critical juncture. Let's break down the key levels to watch.
💎#WIFUSDT has returned to a crucial demand zone after a Change of Character (ChoCh). The pair is currently sitting at the 0.66 Fibonacci support level, around 1.368, which coincides with the 4-hour demand zone between 1.45 and 1.35. This confluence of support levels increases the likelihood of a potential bounce. However, the reaction here is essential—volume will play a significant role in determining the next move.
💎If the pair respects this support, we can expect it to face minor resistance at 1.626, with more substantial resistance waiting at 1.771. But if the price breaks below this support zone, there's a bullish order block around 1.260 that could come into play as the next line of defense.
💎The key to navigating this setup is to carefully monitor the market's reaction at these critical levels. A strong volume surge could propel WIFUSDT toward its resistance zones. However, if the price loses the Fibonacci support and closes below the bullish order block, we may see a continuation of the downtrend.
Stay sharp and be prepared Paradisers to adapt to the market's movements. Consistent success in trading comes from patience, discipline, and a clear strategy.
Trade smart, Paradisers! Stay focused, patient, and disciplined. This is the only way you will make it far in your crypto trading journey. Be a PRO
MyCryptoParadise
iFeel the success🌴
Could This Be the Next Bull Run for #WIFUSDT? Positive SignsYello! Are you ready to catch the next big move of the #dogwifhat? Let's look at the latest analysis of #WIF and see what's happening:
💎#WIF is currently showing promising signs of a bullish continuation from a crucial support zone at $1.36. We've been closely monitoring #WIFUSDT as it has been following a descending channel for quite some time.
💎Recently, it broke above the descending resistance and is now gaining momentum at this key support level. If the price holds strong at this level, there's a high probability of a bullish rally, similar to previous trends.
💎A breakout above the probable resistance at $2.01 could lead to targeting the next resistance zones and beyond.
💎However, if the momentum doesn't hold at the key support, we might see a bullish rebound from the lower demand area around $1.06.
💎It's crucial to stay vigilant and monitor #dogwifhat price movements closely. A daily closure below the demand area could invalidate the bullish outlook and potentially lead to further declines.
Stay vigilant and monitor #dogwifhat price movements closely.
MyCryptoParadise
iFeel the success🌴
$WIF ltf playHere's what I'm looking on lower timeframe (1-hour timeframe)
If we can hold $1.65 here, I'm expecting a deviation around $2, where I will be looking to short
There's a good support at $1.54 to $1.50 area, so we might get a reaction at this level retesting the supply zone
A break of $1.50 support, it could lead us down to $1.38 or even lower revisiting its local low
Panic Selling or Bullish Reversal? WIFUSDT Faces a Crucial Test!Yello, Paradisers! Have you noticed #WIFUSDT’s recent nosedive? As Bitcoin slipped below the critical $60k level, #WIF lost its footing and tumbled.
💎After having 10 consecutive sessions of downside, WIF is finally experiencing strong rounds of short-coverings. But the major question is, can this momentum hold? The answer lies in the fast-approaching resistance levels between $1.48 and $1.58.
💎Historically, this $1.48 to $1.58 range has served as a strong support, often triggering multiple rebounds. However, failing to hold this time has resulted in a significant drop. Over the next few hours, price is anticipated to challenge these levels again. Should the bulls fail to break through, selling pressure could resume, potentially driving prices back down towards the $1.30 level, followed by the recent wick lows, and likely into the crucial support zone of $0.88 to $0.84.
💎This supportive region of $0.88 to $0.84 isn't just any level—it's a significant supportive region that could spark short-covering and potentially mark a short to medium-term low, setting the stage for a strong reversal.
Stay vigilant and trade smart, Paradisers. Understanding these critical levels and market reactions is key to navigating the next moves.
MyCryptoParadise
iFeel the success🌴
WIFUSDTOne of the tokens I urgently added to my portfolio is #WIF, the #dogwifhat token. It has formed a descending wedge pattern and has reached its lowest point. It has returned to the Binance listing price. As soon as Bitcoin starts to rise, this token is likely to be among the top gainers. My short-term target is a 100% increase, or 2x gains.
WIF UPDATE (12H)Now, there is good data on the chart. From where we put the red arrow on the chart, it looks like a big correction has started.
The correction seems to be a diametric.
Wave D seems to be ending.
The targets are listed on the chart.
The green area is a strong support on which we look for buy/long positions
Closing a candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You