dogwifhat Price Analysis Powered by AI

WIF dip-buy setup: Pivot confluence targets a 24h mean-reversion pop toward 0.915

Comprehensive multi-timeframe technical analysis for WIF over the next 24 hours

Higher-timeframe trend (Daily): Since the late-July peak (1.27–1.32), price has been in a corrective downtrend, printing lower highs and lower lows. Current price 0.872 is below the 20D and 50D moving averages (est. ~0.919 and ~0.95), indicating the broader trend remains weak, but not capitulated.
Intermediate structure (4H): From the 0.814–0.825 low (Aug 19–20) price has carved a series of higher lows and broke above intraday resistances 0.858 and 0.866–0.869, shifting 4H structure to a tentative uptrend within a wider daily range.
Intraday (1H today): A steady stair-step higher from ~0.825 to ~0.873 with volume expansion on breakouts at 15:00 and 19:00 UTC. This looks like an intraday trend day up transitioning into late-session consolidation near the highs.

Major supports: 0.814–0.825 (recent swing low and liquidity sweep), 0.839–0.846 (prior balance and value area), 0.858–0.865 (fresh breakout shelf/VWAP cluster today).
Near-term resistances: 0.888–0.905 (multiple reaction zone), 0.927–0.933 (Fibonacci 23.6% from the July high to Aug low; prior supply), 0.95–0.96 (confluence with daily MAs / prior pivot).
Volume behavior: Rising volume into breaks of 0.858 and 0.866 confirms real participation. Today’s value shifted higher with a developing high-volume node around 0.862–0.867, which should act as first pullback support.

Daily 20SMA/EMA (approx 0.918–0.920): Price trades below but has reverted toward it repeatedly. Mean-reversion target zone: 0.905–0.920.
Daily 50SMA (approx 0.95): Next larger magnet if momentum extends, but likely beyond 24h unless volatility expands.
4H EMAs (9/21): Bullish cross developing; price holding above the 21EMA suggests dips to 0.858–0.865 are buyable for a 24h swing.

Daily RSI: ~44–46, climbing from sub-40 last week; room to run before overbought.
4H RSI: ~50–55, confirming a new upswing without being stretched.
1H RSI: ~58–62, mildly overbought after the trend push; favors a pullback toward 0.865 before the next leg.
MACD (Daily): Negative but flattening; histogram contracting, setting up for a potential bull cross on continued strength.
MACD (4H/1H): Positive and rising; 1H may roll slightly on a pullback without negating the uptrend.

Daily ATR(14): Approx 0.075–0.090. From 0.872, a typical 24h range projects 0.795–0.947. A reasonable base case is a move into 0.905–0.920 with an intraday pullback toward 0.858–0.865.
Bollinger Bands (Daily, 20,2): Mid-band near ~0.918; lower band ~0.85–0.86. Current price just above the lower band, consistent with a mean-reversion pop toward the mid-band.
Bollinger Bands (1H): Bands expanding after a squeeze; price riding upper band earlier. Expect a pause/pullback to the mid-band (near 0.862–0.866) before another attempt higher.

Fib swing: July 20 high ~1.292 to Aug 19 low ~0.815 gives 23.6% at ~0.928, 38.2% at ~0.997, 50% ~1.053. The 23.6% at ~0.927 is a realistic 24–48h cap; first target sits just below at ~0.915–0.920.
Classic pivots (using Aug 19 H/L/C 0.885/0.815/0.825):
- Pivot P ≈ 0.842; R1 ≈ 0.868; R2 ≈ 0.912; S1 ≈ 0.798
- Price has reclaimed R1 and is pressing toward R2 ≈ 0.912, aligning with our take-profit zone.

Daily: Price below Kumo; Tenkan around ~0.90 and Kijun closer to ~0.95. Mean reversion to Tenkan (~0.90–0.91) is plausible next; full cloud test unlikely in 24h.
1H/4H: Price above Tenkan and Kijun, with a thin forward cloud; minor pullbacks to Kijun (~0.862–0.867) are constructive if held.

Potential inverse H&S on intraday/4H: Left shoulder ~0.85 (Aug 15), head ~0.815 (Aug 19), right shoulder ~0.852–0.858 (Aug 20). Neckline 0.872–0.875 just broke. Measured move points to ~0.902–0.905; extensions could test 0.912–0.920.
Wyckoff lens: Spring at 0.815 with a successful reclaim of support. Phase C->D markup likely targets the upper range 0.905–0.93 before any new distribution attempt.
Elliott micro count (1H): Wave 1: 0.825→0.873; Wave 2 pullback expected to ~0.858–0.865; Wave 3 objective 0.905–0.915; Wave 4 consolidation 0.895–0.902; Wave 5 stretch 0.920–0.927 (less certain within 24h).

OBV (intraday) rising on breakouts; confirms accumulation on up-moves. No obvious bearish divergence on 4H.
VWAP (today) estimated ~0.85–0.86; price holding above VWAP supports buy-the-dip behavior.

Bull base case (60%): Pullback to 0.858–0.866 then advance to 0.905–0.915; possible wicks toward 0.920.
Range/neutral (25%): Chop 0.858–0.895 with failed breakout attempts; close near 0.88–0.89.
Bear risk (15%): Loss of 0.858 shelf triggers a sweep to 0.846–0.839; deeper risk to 0.825 if broader market weakens.

Bias: Short-term long within a larger corrective context; aim for mean-reversion to pivot R2 / Tenkan / 20D MA zone.
Entry: Prefer a limit buy on a pullback into 0.864–0.866 (prior breakout shelf + 1H mid-BB + 4H EMA support). If momentum persists without a pullback, a secondary momentum entry above 0.882 with tighter risk is possible, but not optimal.
Profit target (24h): 0.915 (just shy of pivot R2 0.912 and below the 0.918–0.920 20D mean to front-run supply). Stretch target 0.920–0.927 if momentum accelerates.
Invalidation/stop (for risk framing): Below 0.846 (below VWAP/value cluster and 1H/4H Kijun), implying the breakout failed. R:R from 0.865 to 0.915 vs stop 0.846 ≈ 2.6:1.

The confluence of a reclaimed pivot R1, intraday trend structure, bullish volume confirmation, mean-reversion gaps to the 0.905–0.920 band, and supportive pullback levels around 0.864–0.866 favors buying dips. Expect a modest pullback first, then continuation toward 0.912–0.915 within 24 hours, barring a broad crypto risk-off move.