$WIF #创作者大奖 Hello everyone, I am Shihun.
People have been asking me about wif. wif is also a meme coin that I really like to play in the early days. Who doesn’t love it when the hat dog is so cute? But everyone who has played it knows that this is definitely not simple. It can be said to be the most abstract and speechless meme token on Binance, but even so, there are still people who continue to go forward. This is probably the charm of meme.
Technical aspect: I will temporarily divide the chart I made into three parts. Looking at the shape from left to right, the first flag shape and wedge shape can be called insignificant; the second part is a very obvious W bottom (the probability of reversal in statistical probability is higher than 65%); the third part is the support part taken at 1.05.
The first part: The rising flag shape is a continuous shape, continuing the previous downward part. There is no problem in continuing to fall after breaking the flag shape, which is in line with the law of price trend operation. (wif is normal)
Part 2: It is obvious that wif has a W bottom shape and the neckline has been formed at about 2.4. wif successfully broke through 2.4. Here I thought it would start a reversal and a new wave of growth. As a result, after the daily line broke through, it directly fell below the 2.4 neckline again.
(wif is out of control)
Part 3: It is the current price range of 1.4-1.05. The daily line in the yellow circle is just the key support of wif Fibonacci retracement point 0.618 near 1.4. At present, the daily line level will not fall below 1.05, which is bullish!
Conclusion: wif contracts must not be played. If you don't listen to my advice, you will know it if you play it. For spot, you can wait for tomorrow at 8 o'clock to close the daily line. If you can close a very good naked K bullish positive line, then it is a spot buying point. I would like to mention that MACD is currently bullish, but the fast and slow lines are glued together. This means that the capital outflow and inflow are both flat, and the long and short positions are more anxious or there are still many holders. The number of sellers is decreasing, and there is a slight bottom divergence between volume and price (but the divergence is very weak). The best way to enter the market is to wait for the daily line to close with a big positive candlestick or a naked candlestick bullish pattern.
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