WIFUSDT trade ideas
Potential Bullish Reversal for WFI (WIF/USDT)#WIF/USDT #Analysis
Description
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+ The chart shows a descending channel pattern forming since the peak in early 2024. The price has respected the upper and lower bounds of this channel multiple times, indicating a strong bearish trend within this range.
+ The price is currently approaching a significant support zone around $1.80, which aligns with the lower boundary of the descending channel.
+ A breakout above the upper boundary of the channel around $2.30 could signal a potential trend reversal.
+ The EMA 100 (blue line) and EMA 55 (light blue line) are currently acting as dynamic resistance levels. A break above these moving averages would add to the bullish sentiment.
+ If the price holds above the $1.80 support level and breaks out of the descending channel, we can expect a potential move towards the $4.00 - $4.50 resistance zone. Further upside could see the price targeting the $6.50 - $7.00 levels, as indicated by the dotted arrow path.
+ The RSI is currently at 37.31, indicating that the asset is in the oversold region. A reversal in RSI towards the 50 mark would support a bullish momentum shift.
+ As long as the price remains above the $1.80 support level, there is a potential for a bullish reversal.
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VectorAlgo Trade Details
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Entry Price: $1.80 with confirmation of suppor
Stop Loss: $1.3
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Target 1: 3.042
Target 2: 4.170
Target 3: 5.0
Target 4: 7.0
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Timeframe:1D (Daily)
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
WIF its the time to get in
WIFUSDT is in daily timeframe and now in the correction Phase and moving to demand ZONE where we can see the accumulation, I suggest to buy this from 1.7 to 1.9 Level to set up the target 3.
Morover it is already in up trend in 1 day chart.
Rebound is expected anywhere in this support Area
- Support/Accumulation Range: $1.7 to $1.9.
Resistance: $2.85.
Resistance: $4.86.
- Invalidation: A close below the lower support at $1.5.
WIF (dogwifhat): Approaching SupportTrade setup : Price broke above $2.00 resistance and through the down trendline (see blue line in chart) and made a Higher High - meaning, price broke above prior swing high of $2.37. Higher Lows and Higher Highs are signs of Uptrend. We would be buyers on pullback to $1.50 support, which held up a few times in recent months. Price could revisit $3.50 next for +40% potential upside. Stop Loss at $1.30.
Pattern : Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Neutral and Long-term trend is Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $1.50. Nearest Resistance Zone is $2.00, then $3.50.
WIF Technical Analysis in a Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
WIF, in the daily timeframe, is in a correction phase and is likely to move down toward the lower support trendline between $1.50 and $1.70.
A rebound can be expected from anywhere near the support range, which could eventually push the price as high as 200% in the coming days.
Key levels:
- Support/Accumulation Range: $1.5 to $1.7.
- Primary Resistance: $2.85.
- Higher Resistance: $4.86.
- Invalidation: A close below the lower support at $1.5.
DYOR. NFA.
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WIF - Risky long entryReally don't like this coin, but a setup is a setup, right?
Punted a long from the monthly open level with a tight stop 5% below. No high hopes for this one as everything else is going down and I still believe we will see BTC at 58-59k coming days so it probably drags WIF with it. But again, not risking much here.
I don't even have a target, might close after a small bounce already.
Stay safe!
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
WIFUSDT.P LONG WIFUSDT LONG
Entry : 2.1738
Leverage : Cross X20
Capital invested : 2%
Targets : 2.4043/2.5073/2.7000
#GM
WIF/USDT is showing bullish potential at $2.1738, with strong support at $2.10 and a recent bullish crossover in the MACD, suggesting upward momentum.
Trade Setup: WIF Long PositionMarket Context:
WIF set in a double bottom on July 11th and has since climbed 90%, establishing a higher high and breaking the downtrend.
The price is currently retracing, and we are looking for acceptance above $2. Observing this area for signs of a bounce will help in trading the breakout while setting in a higher low.
Trade Parameters:
Entry: Enter a trade between $2 and $2.2.
Take Profit:
First target: $3
Second target: $3.6
Stop Loss: Set at a daily close below $1.90
📊 Monitor price action closely around the $2 area for signs of a bounce. Ensure to manage your risk effectively and adjust the trade if market conditions change. #WIF #TradingStrategy #CryptoTrading 🎯
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 bullish long-term holdThe chart's inclusion of bullish reversal patterns and an obvious sign of an uptrend, it can be safe to assume, through a technical analysis standpoint, that CRYPTOCAP:WIF is projected to hit a "Higher low" of its current uptrend.
WIF - x6 Leveraged TradeWIF
dogwifhat appears to be one of the strongest coins in this area.
And a loosely defined contraction pattern is printing.
So considering that the market dump is probably behind us; I have bought Spot and a x6 leveraged trade.
x6 will liquidate 5.5% below the market dump low @$2.192.
Considering how bullish Bitcoin has become, I dont think it gets there.
And I think WIF will continue on to much higher highs 👍.
Not advice
WIF Reversed ShSWif shows a sign of reversed Shoulder Head Shoulder what makes it show a sign of Bulls entering. We will wait for breakout of the neckline to confirm.
Make sure u always dyor, this is no financial advice. Good luck trading!
#Wif 1D chartCRYPTOCAP:WIF 1D chart;
A bearish harmonic pattern is present
The most important factor that can support this decline is that the market will move downwards
This pattern is automatically cancelled if the stop level on the chart is exceeded
44% decline ⏳
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.
WIF#WIF Analysis
It Exactly hit the support zone and pumped
Now,
$2.320 is acting as a new current support,
From here we can expect a upside move
WIFUSDT.P - LONGHuge amount of sell stops resting above am expecting to take these out first before heading our way down as am long on btc as well. lets see what happens here
WIF LongWIF looks good to accumulate here, but im longing it at $1.35 targeting $5. These kinds of memecoins are risky to play with and i don't approve owning them for long periods.
WIF — Following The Trend Line Towards $3.18As discussed in the last few days, WIF broke through the resistance at ~2.2. We've been waiting for this signal to enter a trade with the ultimate target of ~3.18.
So far, WIF is respecting and following the bullish trend that was one week ago. The latest candles on the 4H chart once again touched the trend and support line and bounced nicely.
Based on that, I expect a stronger push to the upside shortly. The ultimate goal of a price above $3 should be reachable at the beginning of the next week.
