Chart Pattern: Ascending Triangle
The chart appears to show an ascending triangle pattern, typically a bullish formation.
Higher lows are clearly marked by the orange semicircles along the rising trendline.
The horizontal resistance (flat top) is also marked by multiple touches, suggesting a potential breakout area.
2. Support and Resistance Zones
Resistance zone near the 1,950–2,000 USDT level (highlighted in pink/red).
Support zone labeled as "Daily OB" (Order Block) and "Daily FVG" (Fair Value Gap) around 1,600–1,700 USDT.
3. Fibonacci Levels
Levels like 0.25, 0.5, 0.75, and 1.0 marked on the left side of the chart indicate Fibonacci retracement or projection levels.
The current price (1,888 USDT) is just below a resistance level.
4. Price Projection
Yellow dashed arrows show potential breakout projections to the upside, targeting areas beyond 2,000 USDT.
5. Volume/Volatility Signal
A purple lightning bolt icon at the bottom suggests a potential volatility spike or news impact indicator.
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Summary:
Current trend: Bullish with consolidation.
Key resistance: ~1,950–2,000 USDT.
Support zone: ~1,600–1,700 USDT.
Potential breakout target: >2,200 USDT if resistance is broken.
