Dogwifhat (WIF): Possible Zone of Rejection / Sell Off?
Dogwifhat is looking interesting after a nice downward movement from the upper zones, resulting in a nice break in structure and a switch in trend.
We are looking here to see further rejection and weakness, which would dump the price back to lows of $1.12. From there on, we will be looking for price action and a possible bounce but who knows?
Swallow Team
We are looking here to see further rejection and weakness, which would dump the price back to lows of $1.12. From there on, we will be looking for price action and a possible bounce but who knows?
Swallow Team
Note
Dogewifhat is testing the local resistane zone, looking to form a break in the structure here.
If we see a BOS forming here, there is a chance of a re-test of upper EMAs, and our possible buy opportunities from lower zones will be invalid!
Note
Dogewifhat is reaching the branch of EMAs here, showing us still a bullish sentiment.
We are still holding to our scenario of downward movement as long as we are below those EMAs here!
Note
Dogwifhat had a choppy way down but we eventually reached our entry zone for buy and bounced a nice 54% from there!
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🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.