$WIF Observations:

Bottomed out at 0.3040, then had a strong bullish rally to 1.3918.

After peaking, there's been a series of lower highs and lower lows, indicating a downtrend or correction.

Recently, the price is consolidating around 0.8152, near a horizontal support/resistance level.

Potential Direction (Short-Term Outlook):

1. Bullish Scenario (Reversal Possibility):

If the price holds above the 0.7282 support and breaks above the recent consolidation with strong volume, it could test 0.9676 or even higher.

The rounded bottom and stabilization suggest buyers might be regaining strength.

2. Bearish Scenario (Continuation of Downtrend):

If the price fails to hold 0.7282, it could retest lower levels like 0.4889 or even approach the 0.3040 level again.

The downtrend pattern post-1.3918 still holds unless a clear breakout happens.

Summary:

The pattern currently suggests indecision, with consolidation following a correction. A breakout above or below the current range (~0.7282–0.8152) will determine the next direction:

Above 0.8152 → likely bullish move.

Below 0.7282 → continuation of bearish trend.