DOGWIFHAT (WIF) – Major Breakout in Play | Eyes on 0.900 Psychological Target
WIF has broken out of a two-month descending channel confirming a bullish reversal with volume The price is now retesting the breakout zone around 0.600–0.580 which is acting as support and forming a consolidation range — a potential base for continuation
Technical Highlights
Breakout above long-term descending resistance
Clean retest of breakout zoneBullish structure with higher lows forming
Current consolidation suggests accumulation
Targets levels
1st Target Point 0.7000
2nd Target Point 0.8000
3rd Target Point 0.9000
As long as WIF holds above 0.590 the bullish outlook remains intact A breakdown below this zone would invalidate the setup
Plan your trades manage your risk and let price action confirm the move
WIF has broken out of a two-month descending channel confirming a bullish reversal with volume The price is now retesting the breakout zone around 0.600–0.580 which is acting as support and forming a consolidation range — a potential base for continuation
Technical Highlights
Breakout above long-term descending resistance
Clean retest of breakout zoneBullish structure with higher lows forming
Current consolidation suggests accumulation
Targets levels
1st Target Point 0.7000
2nd Target Point 0.8000
3rd Target Point 0.9000
As long as WIF holds above 0.590 the bullish outlook remains intact A breakdown below this zone would invalidate the setup
Plan your trades manage your risk and let price action confirm the move
Trade active
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.