The thesis is simple, The dog simply has a hat. $WIFOne of the most incredible communities in the solana ecosystem, dogwifhat may be the most hated rally when it comes, it’s been suppressed forever. I do think 49~57$ is plausible as supply moves from existing holders to long term believers. Short term targets, 9~10$ mid range 17~20$
WIFUSD.P trade ideas
WIFUSD There is no better time to buy it than now.DOGWIFHAT / WIFUSD is trading inside a Channel Up everu since the August 5th bottom.
The price is right now around the 1day MA50 and above the 1day MA100, just at the bottom of the Channel Up.
The 1day MA100 formed the previous Higher Low of November 4th, which was marginally under the Channel.
Technically this is the best level to enter a buy, seeing also the 1day CCI oversold, which was a strong buy signal twice inside this pattern.
Buy and target 4.700 (+80.92% rise).
Follow us, like the idea and leave a comment below!!
Sniffing the Range Fence: Porky's WIFUSD Trading TaleHowdy, folks! It’s Porky here, your pip-farming pal, with today’s crypto tale. Let’s talk WIFUSD —a dog in a hat. Porky likes to think of it as a scrappy little fella, happily trotting around but too shy to jump the fence. Let’s dig into the mud, shall we?
WIF’s been doing laps between 3.56 and 2.87 for the past eight days. Picture it: a stubborn pup stuck in a yard, sniffing at the edges but refusing to escape. These fences aren’t imaginary—Porky’s plotted them with blue and orange lines on the chart.
🐾 What Do These Lines Mean?
Blue marks past highs, and orange marks past lows. They’re not based on wishful thinking but real price history. And just like a good ol’ farm fence, these lines show us where WIF might bounce or bump its nose.
The blue lines : Pivot points from spring 2024 when WIF ran wild and hit an ATH of 4.86. You’ll notice WIF keeps getting shooed back from these levels, like on November 13 and 15, at 4.36 and 4.10 respectively.
The orange lines : Bottoms from that rally’s aftermath, now forming the bounds of our range. WIF has been hanging out here, making this a comfy spot for price.
🐷 Porky’s Range Logic
Porky loves ranges—they’re like veggie patches with no weeds! Inside, price can bounce around nicely without the presence of strong internal resistance. This gives cheeky traders a chance to ride the swings. Right now, WIF is pawing toward near the lower range at 2.97-3.02 (that’s the purple patch on the chart).
Porky reckons we’ll see a bounce there, setting WIF up for another run to the top of the range at 3.56. We have already tried that twice (A and B on the chart) and Porky thinks it is likely to see this move again. If it gets a good head of steam, we might even see it break out and take a run at that 4.86 ATH.
🐾 How Porky Trades WIF:
Entry Price: 3.20—after WIF clears some hurdles.
Stop Loss: 3.13—because Porky doesn’t chase runaway dogs.
Target 1: 3.306 (+3.3%) – a quick kibble.
Target 2: 3.38 (+5.6%) – a juicy treat.
Target 3: 3.47 (+8.3%) – a whole feast.
Target 4: 3.65 (+14.3%) – the ultimate bone!
If you’re feeling bold, hold for a breakout and a potential ATH retest. Porky warns, though—trading is as risky as milking a bull!
🐷 Final Thoughts:
WIF’s range is your playground, but Porky says stick to the plan. Use those blue and orange lines like fence posts to guide your trades. And remember, Porky’s not a financial advisor—he’s just a pig who loves farming and pips. Happy trading!
If none of these wants to happen now, and we fall out of the range downwards, Porky would return to this idea once the market comes back to these levels.
Snorts and cheers,
Porky 🐷
Take a WIF of thisAwesome pullback to several support zones on WIF currently, after a gnarly run up. This is exactly what we want to see. Profit takers taking profit, and bulls stepping back in on support levels.
With 3.5 showing current resistance, It's the first domino that needs to fall to open us up to 4+ levels.
Bitcoin is struggling, very slightly, to break the 93k ATH resistance. If we fail here and get a shakeout, then WIF will likely go lower as well as most other alts. Providing an even juicer bounce play when BTC comes back around for round 5 at 93k.
It might just break it in the near term, and you better believe all these alts resting on prior highs are gonna see a big bump.
Head and Shoulders, Knees and Toes… and $7.6000?
WIFUSD is demonstrating strong bullish momentum as it continues to trade above the EMA Ribbon, which remains in an upward trajectory. This alignment signals ongoing market strength. The recent breakout above the neckline of a Head and Shoulders pattern at the $3.0000 level was pivotal, confirming a bullish reversal.
The price structure shows a consistent formation of higher lows, indicating sustained buying pressure. Currently, the price is testing the key resistance at $4.8000. There are two scenarios to consider here: a rejection and retracement back to the $3.0000 support zone for accumulation, or a clean breakout above $4.8000, which would likely open the path towards higher targets.
If we project the distance from the neckline of the Head and Shoulders pattern, a potential bullish target emerges at the $7.6000 level. Notably, the Signal Builder previously signaled a bearish move that was invalidated, followed by a strong bullish signal aligning with the current momentum.
👨🏻💻💭 What’s your take on WIFUSD? Let’s discuss the next big moves!
_________________________________________________________________
The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
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.
🎁Please hit the like button and
🎁Leave a comment to support our team!
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.
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.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Wif chartWif chart
This is not financial advice.
Right now price might find itself in a bullish harmonics pattern but for the pattern to complete the price needs to go down first to the indicated value and bounce back to Target1 - the first square.
From there it can go up and the bull market will start or reject and find new lows bellow the 1 mark around 0.5 or lower.
Dogwifhat (WIF)Dogwifhat is just another Dog-themed meme coin, this time with a hat; literally. Anyway, WIF got the traders' attention and thus trading volume went up, a lot. As a result, WIF's price went up too. Then, correction started, and it seems WIF is moving in a descending channel. Let's see when WIF breaks this channel.