Technical analysis by RajaSaien about Symbol WIF: Buy recommendation (2/17/2025)

Key Points:Current Situation: According to the chart, the price is in Wave 4, which is a corrective phase. If it holds the support zone (white box), Wave 5 may start.Support Level: The price is currently testing a key support level. Holding this level could push the price upward.Target: The next strong resistance is expected between 0.8451 – 0.8877, aligning with Fibonacci retracement levels.Risk: If the price breaks below the support level, it could drop further, invalidating Wave 5.Conclusion:If support holds, a bullish Wave 5 move is expected, aiming for higher resistance levels. However, if support breaks, a further decline is possible.