WIF/USDT Chart Analysis. 
2024-12-20
Category: None

The chart of WIF/USDT shows a potentially bullish setup based on technical analysis.

Descending Triangle Breakout:
The price seems to be approaching the end of the descending triangle, with a potential breakout area of around $2.50.

Support Area:
A significant green area below the current price suggests strong historical support between $0.99 and $1.17.

Ichimoku Cloud:
The behavior of the cloud suggests a transition point, indicating potential bullish momentum if the price breaks above the cloud resistance.
The upward-moving green box shows the long target area of ​​$4.84 to $4.87.
The curve drawn on the chart suggests that the price may fall slightly to the support area before reversing sharply.

Trade Setup:
Entry: Consider buying near the $1.17 support level.
Stop-loss: Place it slightly below $0.99 to manage risk.

Target: Aim at $4.87, which provides a favorable risk-to-profit ratio. 

DYOR, NFA

@Peter_CSAdmin

