#pixel 📐 Patterns:
Rising Wedge
Generally considered a bearish pattern.
As the price rises in a narrowing manner, momentum weakens.
A bearish signal has been given with the break of the lower band of the wedge formation on the chart.
Double Top
The areas labeled Top 1 and Top 2 create a classic double top structure.
This structure is also a bearish reversal pattern.
The bearish target is activated when the neck line is broken.
🎯 Target Levels:
TargetPrice (USDT)DescriptionTarget 10,03486First target measured according to the neck line break of the double top formation.Target 20,03440Second target measured according to the height of the rising wedge formation.
🔍 Detailed Technical Observations:
Current price: 0,04623 USDT
RSI and volume support should be examined, as there may be a pullback possibility after the wedge breakout.
It currently appears that a downward breakout has occurred following the double top.
⚠️ Support and Resistance Areas:
TypeLevel (USDT)ImportanceSupportAround 0,04200Neck line – if broken, selling pressure increases.ResistanceAround 0,04650Double top peaks, strong resistance if not surpassed.
✅ Summary:
IndicatorsValuePatternRising Wedge + Double TopObserved DirectionDownward breakout (negative)Short-Term Targets0,03486 / 0,03440Stop-Loss RecommendationClose above 0,04750