WIFUSDT has successfully broken out of the falling wedge 📉➡️📈 and has already completed a clean retest of the breakout zone ✅.Currently price action is forming a potential ABC corrective wave structure (Elliott Wave count), with:
🅰️ Wave (A) aiming toward the 0.84–0.85 resistance zone
🅱️ Wave (B) likely testing support around the breakout area (~0.80)
🅾️ Wave (C) targeting the major resistance zone at 0.93–0.94
Key confluences:
✨ Bullish market structure shift after wedge breakout
✨ Support-turned-resistance flip successfully tested
✨ Momentum favors the upside if BTC continues bullish momentum 🟢
📌 Watch out for BTC’s move — if BTC pumps, WIF has a high probability to continue rallying toward 0.93–0.94 🎯
⚠️ Invalid below 0.78 support zone
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.