Javeria Jacko
--
Bullish
$WIF ✅The WIF/TetherUS 2-hour chart suggests a potential bullish trend following a "bullish cup" formation and a bounce from a recent low.❗
The WIF/TetherUS 2-hour chart suggests a potential bullish reversal following a sharp decline and the formation of a "bullish cup" pattern. The initial pulldown from $0.586 appears to be an overcorrection, and the subsequent consolidation and "bullish cup" formation indicates a potential accumulation phase. The recent bounce from $0.303, coupled with the price consolidating around $0.460, signals renewed buying interest. A break above this level could trigger a rapid ascent, aiming to retest the previous highs and establish a stronger bullish trend.
Furthermore, the chart points towards a renewed bullish trajectory. The resilience shown at the $0.460 level after the recovery from $0.303 indicates strong support. The "bullish cup" pattern, combined with the recent price action, reinforces the potential for a significant upward move. With increasing buying interest, WIF/TetherUS is poised to target higher price levels, potentially surpassing the previous peaks and establishing a stronger bullish trajectory, driven by renewed optimism and a shift in market sentiment.#WIF
The WIF/TetherUS 2-hour chart suggests a potential bullish reversal following a sharp decline and the formation of a "bullish cup" pattern. The initial pulldown from $0.586 appears to be an overcorrection, and the subsequent consolidation and "bullish cup" formation indicates a potential accumulation phase. The recent bounce from $0.303, coupled with the price consolidating around $0.460, signals renewed buying interest. A break above this level could trigger a rapid ascent, aiming to retest the previous highs and establish a stronger bullish trend.
Furthermore, the chart points towards a renewed bullish trajectory. The resilience shown at the $0.460 level after the recovery from $0.303 indicates strong support. The "bullish cup" pattern, combined with the recent price action, reinforces the potential for a significant upward move. With increasing buying interest, WIF/TetherUS is poised to target higher price levels, potentially surpassing the previous peaks and establishing a stronger bullish trajectory, driven by renewed optimism and a shift in market sentiment.#WIF
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
207
0