📊 ANALYSIS #WCT/USDT (4H)
The asset shows signs of reversal after a prolonged movement within a descending wedge, from which there has recently been a breakout upwards — this is technically a bullish signal.
📌 Key Observations:
The price has exited the wedge and is consolidating near the Ichimoku cloud, which may signal accumulation.
MA(7), MA(25), and MA(99) serve as resistance levels. A breakout of MA99 ($0.3694) will open the way to the $0.4806 zone.
The Ichimoku Cloud remains a strong resistance in the short term — for continued growth, exiting the cloud with a consolidation is important.
The Parabolic SAR is below — confirming the short-term upward momentum.
🔸 Support: $0.3155 / $0.3100
🔺 Resistance: $0.3455 / $0.3690 / $0.4800
📈 A consolidation above $0.3455 will confirm a trend change and a possible beginning of growth.