Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.
- WIF has broken out of the main downtrend line and is comfortably above what was previously a major resistance zone between $1.96 and $2.20.
- We had seen a bearish divergence (higher high in price and lower high on the oscillator) form in overbought territory, but that has reset somewhat now.
- To the downside, we'd expect $1.96 to $2.20 to act as a major support zone.
- To the upside, $3.05 is the next major horizontal resistance.
- Next Support: $2.20
- Next Resistance: $3.05
- Direction: Bullish
- Upside Target: $3.05
- Downside Target: $2.20
Cryptonary's take
WIF looks good to go higher here. If the wider market holds up well, we'd expect to see WIF at $3.05 sometime in the coming 7 days.100% Success Money Back Guarantee
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