WIF is about to form a flag, and the bullish signal is strong. Although it has fallen by 2.62% recently, it is still going strong on the weekly chart. It is now in a bullish flag, and the price is about to break through the resistance of $1.60. The bottom of the flag and the 0.786 Fibonacci level are both its strong backing.
If it can really break through this resistance, then the intersection of the 0.618 Fibonacci and the top of the flag may be the next big level. After passing this level, the price of WIF may soar.
Look at the random RSI below the candlestick chart, it starts to climb up. If these two indicator lines can steadily exceed the 20 level and do not make false moves, then WIF will have a better chance of breaking through the top of the flag.
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