WIF Technical Analysis in a Daily Timeframe

2 sie

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Now, let’s dive into this chart analysis:

WIF, in the daily timeframe, is in a correction phase and is likely to move down toward the lower support trendline between $1.50 and $1.70.

A rebound can be expected from anywhere near the support range, which could eventually push the price as high as 200% in the coming days.

Key levels:

- Support/Accumulation Range: $1.5 to $1.7.
- Primary Resistance: $2.85.
- Higher Resistance: $4.86.
- Invalidation: A close below the lower support at $1.5.

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