Why sub $1.20 will be a good long entryThis is my current EW count for WIF. If we get the chance, buying below $1.20 offers a 4-5x reward if it can reach my Wave 5 target area between $6.40-$7.20. I believe the recent bump up off the lows is just a corrective sub wave 4 on the C leg of an ABC for Wave 4.
The reason WIF had such a big correction after it’s Wave 3 is likely due to an extended sub wave 5 and the fact that large corrections usually revisit the previous 4th wave price range of a lower degree. I like the 0.786 retracement of Wave 3 as the most likely bounce spot to begin the final 5th Wave.
Best of Luck to Everyone!
WIFUSD trade ideas
WIF Price Reversal Targets $5Current Price: WIF trading above the $2 psychological mark after a bullish reversal at $2.18.
Demand Zone: Reversal undermines the breakdown of the crucial $2 demand zone.
Recent Surge: WIF price jumps by nearly 50% in the last seven days.
End of Correction: Bullish reversal marks the end of the correction phase within a falling channel pattern.
Momentum Gain: The meme coin gains momentum, suggesting a continued uptrend.
Fibonacci Levels: Buyers need to surpass the 50% Fibonacci level at $2.43 for an extended uptrend.
Broader Market Uptrend: Sustained bullish momentum aligns with the broader market recovery.
New All-Time High Potential: WIF price might create a new all-time high in July.
Key Targets: Potential to surpass the $4.58 mark.
Psychological Milestone: $5 seems a suitable target for the ongoing uptrend.
WIF to 10Billion USD Market Cap⛑️WIF is more than just a dog wearing a hat; These are the famous words on the website of dogwifhat.
Just like BYBIT:BONKUSDT , WIF is shaping a new era in finance and technology on Solana chain.
This is another meme token on Solana and idea is simple bring as much traffic as possible to the Solana Chain. That's why Binance listed Wif after it made more than 500x. This token first need to make a correction around %70 to %80 before doing anything proper. I might be wrong to take a short position from here but at one moment that correction is needed for a healty growth.
As CRYPTOCAP:SOL reach new highs like $500 $800 in this year. This meme token will bring as much people as possible to the chain.
That's what I think when everything go into the Euphoric phase. I'm just a simple TA guy learning and testing new ideas. This token won't make you millioner. It's just a simple token to have fun.
💸: If the price hits to this Emoji on the chart, I will make my purchases in 3 different times.
Please always dyor and I'm not your financal advisor and this is not a financial advise. If it does not work for me I have nothing to to lose as I put my buy orders to the %70 correction line. This token already made 1000x + more. Please be careful.Good luck.
Will update it time to time. Let me know what you think of it.
$WIF - Zones of interest for LONG entriesCRYPTOCAP:WIF has recently printed a new lower high, broke out from a pennant, did a Change of Character and now seems to be looking for drawing a new lower low to finally establish a continue of a bull trend.
Price going below 2.40 could invalidate the bull trend, but there are several zones of interest to buy CRYPTOCAP:WIF for a long entry, these being:
3.2 usd
3.1 usd
2.9 usd
2.7 usd
2.5 usd
Looking for longs on $WIFWhat doesn't make sense to me is that during this range of almost 2 months, there was clear accumulation throughout the range as shown via OBV, however price is diverging?
To my knowledge shorts have been suppressing the price down, and I believe this could be a catalyst to send price. Like a charged and fully loaded spring, its just a matter of time before it bounces.
I will be looking to long the breakout. But first I expect to fill the wick to the downside lol.
DOGWIFHAT #WIF NEAR TERM is TARGETTING $4.06-$4.33Per a inverse head and shoulders pattern that CRYPTOCAP:WIF is just now challenging the neckline.
Overall the structure that WIF has laid down these past few months suggests a wonderful surge in prices that could see WIF getting close to the $10 zone
#Memecoins are so powerful and make up a huge portion of the crypto sector.
It is safer to allocate to the new and LARGE coins
that have deep liquidity and bug 24 h volume
that the brand new coins which most retail gamble on and and end up walking away with nothing buy sob stories.
WIF: Solana memes about to surge furtherIf you follow me on Substack you'd be aware of my recent long entry into Solana and BONK, and now we have a pretty awesome opportunity in WIF. Time@Mode predicts an 11 week up trend, with 30% risk to the stop and potential upside of up to 1027%.
Very juicy reward to risk and odds of success at play. I suggest risking reasonable amounts, like 1%-2%-5% of your capital, which considering the 30% stop would give you a size of 3.33%, 6.66% or up to 16.65% in WIF to risk the suggested % of portfolio if the trade fails.
You can utilize spot positions or trade with leverage, but if you do wish to use leverage, you can deposit enough collateral to accommodate your desired size in the trade over at Zeta Markets you can gain a share of their coming airdrop.
Best of luck!
Cheers,
Ivan Labrie.
Dog Wif Hat (looks like Ethereum)Hey everyone its Dalin Anderson.
Today we look at Dog Wif Hat. This coin will probably take over the world if we aren't careful.
You can't trust people who wont buy meme coins (They have no soul).
Get ready for some barking moves up to new all time highs.
Millionaires will be made. Time to crochet a hat for my dog.. BYE...
- Stay Profitable -
WIF 4-5 SetupWIF 4-5 setup, the price reached wave-4 support zone area. You can start scaling in into support scaling out into resistance.
Note:
The 1-2 setup in trading is often preferred over the 4-5 setup due to its positioning early in the Elliott Wave sequence. The 1-2 setup occurs just as a new trend is beginning, offering a higher potential for significant gains as the trend develops. In contrast, the 4-5 setup occurs towards the end of the trend, where the movements are typically smaller and the risk of a reversal is higher. This makes the 1-2 setup generally more appealing for capturing larger trends with potentially lower risk.
WIF 4-5 SetupWIF 4-5 setup, the price reached wave-4 support zone area. You can start scaling in into support scaling out into resistance
Note:
The 1-2 setup in trading is often preferred over the 4-5 setup due to its positioning early in the Elliott Wave sequence. The 1-2 setup occurs just as a new trend is beginning, offering a higher potential for significant gains as the trend develops. In contrast, the 4-5 setup occurs towards the end of the trend, where the movements are typically smaller and the risk of a reversal is higher. This makes the 1-2 setup generally more appealing for capturing larger trends with potentially lower risk.
WIF-USD: The third Elliott wave of Dogwifhat2024-03-17
On St. Patrick’s day this pair looks greener once again after the Bitcoin mood turned negative this weekend and erased about a third of WIF’s gains in prior weeks.
Since trading began in December, the pair experienced an Elliott triangle correction into the last week of February, when it finally took off in a clearly structured impulse wave that took it from about 28 cents to over $3.50 in about three weeks, establishing itself as one of the most profitable coins in that period.
This Elliott wave analysis shows that this advance is really only in the early stages, as the market has only completed the first two waves of its run. The first wave culminated in a peak at $2.48. After retracing in wave two, the third wave commenced with another peak, the current high, which looks like a subwave one, ended by the correction this weekend taking the pair down to pennies above the two dollar mark. Recovery is progress, it appears, having gone as high as the $2.75 region.
If all goes well, this third wave seems destined for green greatness. There are several confluences of Fibonacci levels that could be targets, reach as far as a one-hundred times return. More immediate, however, would be reaching a level of about 15 dollars in the next couple of weeks.
WIFUSD The frenzy is approaching a technical Resistance.Dogwifhat (WIFUSD) has been the revelation of the last 3 weeks as during that time it grew by more than +1000%. This rally is mostly euphoria driven and the frenzy may very well push even higher. But we can't neglect the technical Resistance levels along the way.
The strongest of them is the top (Higher Highs trend-line) of the Channel Up pattern since it first started trading. The 1D MACD formed a Bearish into Bullish Cross pattern and last time we saw this was on January 25 2024, when the price started pulling back. In that sense, a short-term correction back to the 1D MA50 (blue trend-line) and Support 1 (1.01500) is a realistic scenario if the market is to find new buyers.
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