Where is the $WIF coin targeting and what are its targets in the coming period and Can we buy it 🤔
If we look at the picture we notice in the chart theprice forming a pattern we call Bullish falling wedge falling wedge pattern It is a bullish type of patternsThe falling wedge is clearly visible in the image with several corrective waves inside the channel and these waves have not yet been completed which means that the my be more correction and it may be the last
Why is Falling Wedge considered a buying pattern and why do we expect the prices rise🤔
The Falling Wedge pattern consider a bullish pattern because it usually ingardwal slowdown in the downtrend and a possible reversal to the upside This pattern is characterized by gradually declining prices with a shrinking difference between the highs and lows which means that the downward momentum is decreasing over time which is what we see in the WIF coin Decreased bearish momentum highs and lows are lower getting closer to each other indicating weak bearish momentum
🎯The upward target we expect Based on the falling wedge theory
we set upside reakout carne breakout leasure the a falling wedge the target after the breakout can be measured using the following method Measure the maximum height of the stake The vertical distance between the highest point of the pattern first peak and the lowest point within the wedge is measured This is called the wedge height. After determining the height of the wedge we add this height to the price level at the breakout point If the breakout is upward this is the expected upside target.In the case of WIF the target may reach $5.00 levels after breaking the falling wedge But now that the waves are not complete yet we may see one last corrective move before the breakout
