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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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: Brace Yourself for a Wild Ride!BINANCE:WIFUSDT.P has shown some serious bounce-back power, climbing up and breaking through important resistance levels. After a healthy correction back to the previous resistance, it’s now ready for another possible upward move. With the current meme coin craze driving up prices everywhere, BINANCE:WIFUSDT could follow a similar path and catch some bullish momentum. But remember, as always, be cautious and only invest a small part of your capital to manage risk effectively. Let’s see if BINANCE:WIFUSDT can ride the wave of the meme coin rally!
BINANCE:WIFUSDT Currently trading at $3
Buy level: Above $2.9
Stop loss: Below $2.4
TP1: $3.5
TP2: $4
TP3: $4.8
TP4: $6
Max Leverage 3x
Always keep Stop loss
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#WIFUSDT Lucrative Futures Trade Setup!WIFUSDT Lucrative Trade Setup!
- Entry: $2.50 to $2.73
- Stop Loss: $2.18
- Targets:
- $2.95
- $3.15
- $3.44
- $3.78
- $3.92
- $4.03
- Leverage: Adjust based on your risk appetite; 3x leverage is recommended.
DYOR, NFA
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#PEACE
The Banana Zone Series - WIF Buy the Dip Levels (7 of 10)Alt-season is here. BTC breakout has been confirmed. If you missed positioning for the next level of exponential moves, what are some of the buy the dip zones while still have time for the bigger moves into the banana zone.
We continue the series with WIF.
As you can see in my analysis, pull backs to $2.45 and below is my new accumulation zone. I will initiate some leveraged longs for new trades in preparation for the moves to the banana zone in the alt season.
For more aggressive traders, $2.55 and below can be the trigger longs with tight stops.
Not a financial advice so DYOR.
$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.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
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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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.
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
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
WIF is bearishThe large WIF structure is bearish. Price is constantly making lower L's and H's.
Every time the price moves above the demand range, it cannot make new Hs.
It has now hit good resistance.
By maintaining the swap range, it can move and drop towards the targets.
We have specified the targets on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
WIF: Key Levels and Buy StrategyThe trading volume is 438.706K WIF, indicating significant market activity.
Indicates a potential bullish trend with the SAR at $2.364.
The SMA is at $2.561, indicating that the current price is slightly above the moving average, which can be a bullish sign.
The histogram value is 0.008, MACD line is 0.008, and the signal line is -0.001, indicating a bullish trend.
%K at 79.49 and %D at 81.50, indicating near overbought conditions.
The RSI stands at 52.57, suggesting that WIF is in a neutral zone but with a bullish bias.
Market Sentiment
The market sentiment for WIF appears cautiously optimistic. While the Stochastic Oscillator indicates nearing overbought conditions, the MACD and Parabolic SAR suggest bullish momentum.
Potential Market Scenarios
Bullish Scenario:
A decisive break above the local resistance at $2.8 could lead to further upward movement, targeting the solid resistance at $3.2.
Bearish Scenario:
If WIF fails to break above the local resistance, it could retest the support levels at $2.555 and $2.43. A break below $2.43 could signal further declines.
When to Buy WIF for Investment
Current Situation:
Given WIF's current price at $2.6 and the technical indicators suggesting potential overbought conditions, a cautious approach is warranted.
Optimal Buying Strategy:
Wait for a Pullback: Considering the Stochastic Oscillator indicating near overbought conditions, waiting for a pullback towards the local support level at $2.555 could offer a better entry point.
Solid Support Level: If the price drops further, the solid support at $2.43 is a strong level to consider for investment. Historically, WIF has found significant buying interest at this level, making it a safer entry point.
Gradual Accumulation: Alternatively, adopting a dollar-cost averaging (DCA) strategy by buying small amounts at regular intervals can mitigate the risk of market timing and take advantage of potential dips.
Conclusion and Market Outlook
WIF is currently positioned with significant support and resistance levels to watch. While technical indicators suggest potential overbought conditions in the short term, the bullish MACD and overall market activity suggest room for growth.
Impact of Bitcoin:
It's essential to note that Bitcoin (BTC) is currently at a crucial level. If BTC fails to surpass its all-time high and experiences a significant drop, it could negatively impact the broader cryptocurrency market, including WIF. Monitoring BTC's price action is vital for understanding potential risks to WIF's price movements.
Dogwifhat WIF price looks like ... 👇Do you think the memecoin era has already passed or do they need to rest a little more before they can continue "show"?
The chart shows the global price movement of #WIFUSDT. Since the beginning of 2024, this asset has grown neither a little not a lot, just do +7000%)
Applying wave analysis to this coin, it seems to us that there need one more corrective wave down.
At $1.35, we might consider buying CRYPTOCAP:WIF , but at $3.30, we don't feel comfortable to buy.
Or are you saying that we are wrong and the price of #WIFUSDT will soon consolidate above $4.85 and head straight for $15 for #dogwifhat?)