WIF - Breakout in Progress
Here is an update to our previous post:
What we can see is price was able to break above our orange trendline and breakout of the bullflag. We have also confirmed this with our purple line. This was a line of previous selling pressure around $3.33 that was also closed above showing strong amounts of buying.
Most likely WIF will continue to the upside from here, but if there are any pullbacks look for any entry at the orange trendline. This would be flipping the bullflags old resistance into a new level of support.
What we can see is price was able to break above our orange trendline and breakout of the bullflag. We have also confirmed this with our purple line. This was a line of previous selling pressure around $3.33 that was also closed above showing strong amounts of buying.
Most likely WIF will continue to the upside from here, but if there are any pullbacks look for any entry at the orange trendline. This would be flipping the bullflags old resistance into a new level of support.
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