$WIF 📊 Technical Analysis – 1 Hour Frame (1H)

✅ General Trend:

The currency is currently trading at $1.08, registering a decrease of 0.05% over the past 24 hours. Data shows that the price is moving within a narrow range between $1.08 and $1.16, with a slight decline in upward momentum.

🔍 Technical Indicators:

• Relative Strength Index (RSI): around 61.18, indicating moderate upward momentum without reaching the overbought zone.

• Simple Moving Averages (SMA): Moving averages show buy signals, indicating the continuation of the upward trend in the short term.

• MACD Indicator: Shows a positive crossover, suggesting the possibility of continued upward momentum.

📉 Chart Pattern:

Price action shows a consolidation pattern following its recent rise, with strong resistance between $1.325 and $1.376, where the price has been rejected at these levels previously.

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🧭 Support and Resistance Levels:

• First Support: $1.08 

• Second Support: $1.05 

• First Resistance: $1.16 

• Second Resistance: $1.18

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🔮 Potential Scenarios:

📈 Bullish Scenario:

• Condition: A clear breakout above the resistance level at $1.16 with high trading volume.

• First Target: $1.18

• Second Target: $1.20

📉 Bearish Scenario:

• Condition: A break below the support level at $1.08.

• First Target: $1.05 

• Second Target: $1.02