WIF/USDT – 8H – SELL

The 8H chart for WIF/USDT has fired a cluster of bearish signals, including a BOP Zero Cross Down, STOCHF KD Cross Down, a Fibonacci Break DownTrend at the 0% level, a Bearish Engulfing pattern, and a High Wave Bearish candle. Together, these indicate strong selling pressure and a likely continuation of the downtrend. The confluence of candlestick, fibonacci, and indicator signals reinforces the bearish outlook.

Across timeframes, the trend is predominantly bearish, with the 4H and 8H showing trend formation (2/5 strength), while shorter timeframes are choppy but still bearish. The 15m is the only bullish timeframe, but it is weak and sideways. This alignment suggests that the bearish momentum is building, and the recent break below the Fibonacci 0% level confirms a loss of bullish structure. Key levels to watch are the nearest resistance at 0.16160, which now acts as a barrier, and the nearest support at 0.14080, which is the next downside target.