WIFUSDT - Blue Box as a Buy ZoneAs the price climbed, it left behind a clean demand zone, indicating an area where buyers were active and likely to defend. This zone could potentially act as support if the price retraces, providing a favorable area for long positions.
Key Notes:
Demand Zone: Blue Box Area
Market Sentiment: Buyers appear strong in this area.
Watch for potential retests of the demand zone for confirmation of strength.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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WIFUSDT trade ideas
#WIF USDT#WIF USDT
#WIF The chart displays a bullish breakout from a descending wedge pattern, signaling a continuation of the uptrend. The current price is at $3.682, supported by strong momentum. Key support levels lie at $3.278 (Fibonacci 0.5) and $2.767 (Fibonacci 0.618), offering a safety net for potential retracements.
On the upside, resistance targets are set at $4.702, $5.621, and the ultimate target of $6.472, representing a significant 97% potential gain from the current level. The breakout confirms buyer strength, and further price advances are expected as long as the support levels hold.
WIF USDTCRYPTOCAP:WIF USDT
#WIF The chart displays a bullish breakout from a descending wedge pattern, signaling a continuation of the uptrend. The current price is at $3.682, supported by strong momentum. Key support levels lie at $3.278 (Fibonacci 0.5) and $2.767 (Fibonacci 0.618), offering a safety net for potential retracements.
On the upside, resistance targets are set at $4.702, $5.621, and the ultimate target of $6.472, representing a significant 97% potential gain from the current level. The breakout confirms buyer strength, and further price advances are expected as long as the support levels hold.
WIF/USDT - Swing Position - Date: 06/12/24
Name: WIF/USDT
Market cap
$3.33B
5.83%
Volume (24h)
$1.04B
26.04%
FDV
$3.33B
Vol/Mkt Cap (24h)
30.83%
Total supply
998.84M WIF
Max. supply
--
Circulating supply
998.84M WIF
Daily Time Frame – Swing Position – Long!
Reasons to be Bullish Case:
1) Structure: Market Structure shift
2) Current phase: Pull back and consolidating (at Support), generating liquidity both side.
3) Overall trend: Continuation of Bull Trend.
Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining ($75k – $80k)
5) Due to liquidity generated and Demand zone sitting below.
6) Invalidation below $1.82
Trade Plans:
BUY CMP: $3.33
DCA: $2.49 - $1.85
Invalidation: $1.82
Trend Based Fibionacci Targets:
Target 1: $6.17
Target 2: $9.09
Target 3: $10.89
Target 4: $ 13.8
**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **
$Wif bullish breakoutCRYPTOCAP:WIF AKA Dog Wif Hat recently was listed by not only Coinbase but also Robinhood recently. CRYPTOCAP:WIF is now listed on all major exchanges and is currently the top Solana memecoin by marketcap. A dog wif a hat is a simple concept to grasp and is light hearted and humorous.
Technicals
1. Price using the 50ema as support instead of resitance
2.Up trend in MACD a momentum and direction indicator
3.Strong trend line with higher lows
4. Consolidation/accumulation in a prior distribution zone
5. Coiling between $3-$3.5 while there is a bullish trend supporting it
My PT is $8.88 by end of January but once CRYPTOCAP:WIF hits all time highs above $5, $10 might come sooner rather than later.
Final profit target is $100
WIF. High-Probability Setup. 12/04/24The asset is currently in an accumulation phase, presenting significant upside potential. Historically, breakouts from similar patterns can result in gains ranging from 100% to 200%.
Short-Term Outlook:
I anticipate a pullback to the mirror level, which could offer an excellent opportunity to open a long position or add to your spot holdings. Key entry points are marked with yellow horizontal lines (two pending orders).
Targets:
Futures: $4 - $5
Spot: $6 - $10
DYOR.
WIF - Respecting TrendOur last post for reference:
One of the thing we were watching for was if we would get a retest of the triangle. This would flip old resistance into new support. Today we get that retest and have so far closed 2 8H candles directly above the trendline showing buying strength in this range. As long as we do not see an 8H candle close back within the triangle, this should be the start of the breakout.
WIF - Breakout in ProgressHere is an update to our previous post:
What we can see is price was able to break above our orange trendline and breakout of the bullflag. We have also confirmed this with our purple line. This was a line of previous selling pressure around $3.33 that was also closed above showing strong amounts of buying.
Most likely WIF will continue to the upside from here, but if there are any pullbacks look for any entry at the orange trendline. This would be flipping the bullflags old resistance into a new level of support.
WIF/USDT Analysis: A New Opportunity Awaits!📉 WIF/USDT Analysis: A New Opportunity Awaits! 📈
The market is showing an interesting setup here:
🔹 The price has broken above the descending trendline—a potential sign of reversal.
🔹 A strong support zone (marked in purple) around $3.00-$3.20 has been respected multiple times, proving its reliability.
🔹 The moving average suggests a battle between buyers and sellers, indicating a potential accumulation phase.
💡 What can we learn?
Markets don’t always move in a straight line. Patience is the key to identifying strong breakout opportunities. A proper risk-to-reward strategy around this support could be rewarding!
Motivational Thought:
“Success in trading is not about predicting the future but preparing for it. Stay disciplined, trust your strategy, and believe in your growth!”
🚀 Let’s see how this chart evolves. Keep an eye on this breakout!
Do you see potential here? Share your thoughts in the comments! 🔥