Let's analyze the trend of $WIF today
October 8, a day destined to be extraordinary.
Disk highlights: A-shares soared 10% before the market opened, and the opening price was directly limited. Such performance is simply eye-catching!
Review of the currency circle: In sharp contrast to the strong performance of A-shares, the currency circle was directly sucked back by blood, which is indeed a bit surprising.
Trend analysis
Top reduction: From the top point of view, one bottom is lower than the other, which is undoubtedly a typical feature of the downward trend.
Small cycle trend: In the small cycle, the downward trend has been formed, which cannot be ignored.
From the perspective of indicators, the Bollinger Bands of the main chart began to close after the decline, which means that the market is choosing a new direction. The power of the air force is currently dominant, which can be seen from the downward trend.
Resistance and market forecast
15-minute rebound: Although this 15-minute rebound was strong, it failed to break through the previous high of 2.630. This means that the market may continue to fall.
Upper resistance: There are two important resistance levels above that need to be paid attention to, namely 2.6149 and 2.6524. If the price fails to break through these two resistance levels, the bearish sentiment may be further intensified.
Market performance: Now the entire market shows weakness in the rise, which also provides background support for the downward trend of $WIF .
wif's performance today is indeed wonderful. Although the A-share market rose strongly before the daily limit, the currency circle failed to keep up with the rhythm. We need to pay close attention to the situation of the upper resistance level.
