#WIF STILL HASN'T BROKEN ITS NECKLINE AT 1.072-1.387: BUY OPPORTUNITIES PRESENT!
If you're looking for an in-depth analysis of WIF, then, you're in the right place.
Here's why.
WIF has been holding the price range 1.072-1.387 strongly and there's still no signs of confirmed breakdown from this zone. Having this in mind, we took the opportunity to continue taking profit from its temporary market shifts on the lower timeframe. Since this support has held this key levels strongly, our total benefit from its increases is 34.43% which is already a great profitable trade considering we took 5.9 and 2.35 risk-reward ratio with this token. Considering last July's high price and last August's low price, we can possibly see a retracement to slightly below these 3 months 75% (above the average price) around 2.219. Right now, we will continue to observe this token whether it would stay true to achieving this type of retracement progress or not. Although, this is also the way of the market to maintain its balance between buyers and sellers. The total equilibrium of the market's structure must be maintained despite the cryptocurrency market being known for its high volatility.
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Stay wise, trade cautiously.