WIF/USDT here is a technical analysis of the market trend:
Recent Bearish Trend: The red lines at the top of the chart indicate a bearish trend. The price has fallen below the Ichimoku Cloud (green and red cloud) lines, which also suggests a bearish trend.
MACD Indicator: The blue and orange lines at the bottom represent the MACD indicator. Recently, the blue line crossed below the orange line, which usually indicates a sell signal.
Support and Resistance Levels: The colored horizontal levels could represent support and resistance areas or Fibonacci extensions.
In summary, the market is showing a bearish trend with sell signals based on the MACD indicator and the price position in relation to the Ichimoku Cloud. Traders should be cautious and consider selling strategies in this scenario.