I noticed that WIF forms a cup and handle pattern on the daily chart, which is a classic bullish signal. The current price is around $0.18, and the pattern appears to be in its final stages.



The 200-day moving average sits at an important resistance level, and a breakout could pave the way for a stronger upward move. If the price can hold above this level, we may see significantly higher targets.

On the support side, there are nearby levels to watch carefully. If the pattern fails to confirm and the price drops sharply, we might test lower support levels gradually.

The bullish scenario requires a clear breakout above resistance with sustained support. If the price cannot maintain near support levels, it could indicate a loss of momentum. The key is to watch how the price behaves at these critical levels, as the cup and handle pattern may give us clear signals soon.
WIF1,58%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin