Dogwifhat (WIF) price broke above a descending trendline on Monday, suggesting a potential bullish move.
Dogwifhat price breaks above a descending trendline, suggesting a bullish move. WIF price action shows a formation of a double bottom pattern, hints at a potential trend reversal ahead. A daily candlestick close below $1.482 would invalidate the bullish thesis. Dogwifhat price broke above a descending trendline on Monday, suggesting a potential bullish move. At the time of writing, it is slightly up 1% at $2.171 on Tuesday.
The Relative Strength Index on the daily chart is firmly above the neutral level of 50, while the Awesome Oscillator is on its way to doing the same. If bulls are indeed making a comeback, then both momentum indicators must maintain their positions above their respective mean levels. Such a development would add a tailwind to the recovery rally. Furthermore, surpassing the $2.644 level could pave the way for an additional 16% rally to retest $3.087, the 61.
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