descendingtriangle

$BIGTIME


🧠 Chart Pattern & Technical Structure:

✅ Main Pattern: Descending Triangle Breakout Setup

A Descending Triangle has formed from the 2023 high to mid-2025, indicating consolidation after a strong downtrend.

Strong horizontal support between $0.05266 – $0.06550 has been tested multiple times, showing strong accumulation in this zone.

The downtrend resistance line is being squeezed, suggesting a potential breakout is imminent if price closes strongly above it.

📈 Bullish Scenario:

If the price successfully breaks above the diagonal resistance:

1. Breakout confirmation would be a strong 4D candle close above $0.08788.

2. Bullish price targets based on historical resistance zones and Fibonacci levels:

🎯 $0.10728 (initial resistance)

🎯 $0.22137 – $0.25000 (strong psychological and technical resistance)

🎯 $0.31966 (former consolidation zone)

🎯 $0.52908 – $0.73257 (major supply zone)

🎯 Ultimate Target: $0.99500

🟢 A rise in volume and a clear higher high would further confirm the bullish trend continuation.

📉 Bearish Scenario:

If price fails to break out and falls below the strong support zone:

1. A breakdown below $0.05266 could lead to:

🔻 $0.04000

🔻 $0.02800

🔻 $0.02000 – $0.01450 (extreme support zone)

⚠️ This bearish case becomes more likely if volume weakens and market sentiment turns risk-off, especially if BTC or broader crypto trends turn bearish.

🧱 Key Support & Resistance Levels:

Strong Support: $0.06550 – $0.05266

Key Resistance: $0.08788 – $0.10728

Next Bullish Targets: $0.22137 / $0.31966 / $0.52908 / $0.73257

🧭 Conclusion:

BIGTIME/USDT is at a critical turning point. A bullish breakout from the descending triangle could trigger a significant upside move. However, caution is advised if the price fails to hold support. Wait for confirmation of breakout before entering heavy positions.

#BIGTIME #BIGTIMEUSDT #CryptoBreakout #AltcoinSeason #DescendingTriangle

The cryptocurrency market started the new week with a decline. The continuation of the downward movement in both Bitcoin and altcoins seems likely. Upon examining the charts from a technical perspective, we can see formations resembling bearish patterns emerging. Among these formations, one of the most common is the "Descending Triangle Formation," known in technical analysis. You can see an example of a descending triangle formation in the chart below.

In the chart below, you can observe the daily price movements of Ethereum. Ethereum has been within a downward trend for some time now. The green line area below the descending trendline, marked by the yellow line, is seen as the support level of the descending triangle formation. In this formation, after breaking this support structure, a sharp downward candlestick pattern could typically follow. This could signify a further decline in cryptocurrencies and Ethereum-based technologies for a while. It's advisable to proceed with caution. Do Your Own Research (DYOR).

#ethereum #eth #technicalanalysis #descendingtriangle
$ETH

$NEAR

🧠 Pattern and Structure Analysis

The NEAR/USDT pair is currently displaying a long-term Descending Triangle pattern that has been developing for over 6 months. While descending triangles are typically bearish continuation patterns, a breakout to the upside often signals a strong trend reversal.

Descending resistance trendline: Multiple touchpoints confirming the structure.

Horizontal support zone: Strong base formed between $1.79 – $2.21.

The current price action shows a potential breakout above the descending resistance, indicating a possible shift in trend.

🚀 Bullish Scenario

If the breakout is confirmed (especially with high volume and daily close above the trendline), NEAR could rally toward the following resistance levels:

1. Target 1: $2.693 – minor resistance

2. Target 2: $3.021 – key psychological and technical level

3. Target 3: $3.568 – previous support/resistance flip

4. Target 4: $4.635 – major resistance zone

5. Extended Targets: $6.028 and $8.062 – historical highs

📌 Breakout confirmation requires a daily close above $2.25 with increased volume.

🐻 Bearish Scenario

If the breakout fails and the price gets rejected at the trendline:

Price may revisit the strong support zone around $1.79.

A breakdown below this support would open the door to deeper downside levels, possibly below $1.70 or even toward $1.50.

The bearish outlook would be invalidated if the price sustains above $2.30 and forms a higher-high structure.

🔍 Strategic Summary

Pattern: Descending Triangle (Potential Reversal)

Breakout Level: ~$2.25

Key Support: $1.79 – $2.21

Recommendation: Watch for a confirmed breakout with strong volume. Use a trailing stop strategy to lock in profits as targets are reached.

#NEAR #NEARUSDT #CryptoBreakout #AltcoinSeason #DescendingTriangle