dogwifhat (WIF) price prediction today: Is $1.60 a resistance or a new support?

• We're pleasantly surprised to see WIF move back up to retest $1.60, having lost that level of support and fallen well below it.
• However, it's now likely that $1.60 acts as new resistance, so we wouldn't be too excited until $1.60 can be reclaimed and flipped into new support. 
• If WIF were to pull back from here, we'd expect the $ 1.30's to be retested. 
• To the upside, there seems to be a lot to do, especially considering the next major horizontal level (above $1.60) is $2.20, which would likely act as local resistance along with the local downtrend line.
• The RSI is in a clean middle territory, suggesting more upside.

Cryptonary's take

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