๐ง In-Depth Technical Analysis โ 1D Timeframe
DEEPUSDT has just flashed one of the most powerful bullish signals in technical analysis โ a confirmed breakout from a Falling Wedge pattern. This wedge has been forming over 4+ months (February to June 2025), suggesting long-term accumulation before a potential explosive rally.
A falling wedge is a classic bullish reversal pattern, where selling pressure diminishes over time, leading to a breakout fueled by renewed buying momentum โ and thatโs exactly whatโs unfolding now.
๐ Bullish Scenario โ Step-by-Step Upside Targets:
1. Confirmed Breakout
The descending trendline has been broken with a strong bullish candle and rising volume, indicating a possible trend reversal and start of a new bullish phase.
2. Fibonacci Extension Levels as Price Targets:
๐ฏ 0.17260 โ Initial resistance, serves as a key breakout retest zone.
๐ 0.20910 (0.5 Fib) โ First mid-range psychological target.
๐ 0.23354 (0.618 Fib) โ Crucial level to confirm bullish continuation.
โญ 0.30209 โ 0.31263 (1.0 Fib) โ Primary take-profit target.
๐ต 0.44059 (1.618 Fib) โ Extended target if momentum remains strong.
๐ด 0.64765 โ 0.85470 (2.618 โ 3.618 Fib) โ Long-term targets in case of a parabolic altseason-like move.
3. Positive Market Structure:
Higher lows are forming, indicating a potential early-stage trend reversal. This structure is often seen at the beginning of major altcoin rallies.
โ ๏ธ Bearish Scenario โ Risks to Monitor:
1. Fakeout Risk:
If the price falls back below the wedge and loses the 0.14511 level, the breakout may turn into a bull trap.
2. Rejection at Key Fibonacci Levels:
Failure to break and hold above the 0.209 โ 0.233 zone could trigger profit-taking and a retracement to 0.12000 or even 0.10000.
3. Failed Retest of Breakout:
If the price cannot successfully retest the wedge breakout zone, the bullish thesis may get invalidated.
๐งฉ Pattern Summary:
Pattern: Falling Wedge (Bullish Reversal)
Status: Breakout Confirmed
Potential Upside: Up to 0.85 USDT (Fib 3.618)
Key Support: 0.14511 & 0.12000
Bullish Confirmation Levels: Holding above 0.173 and breaking 0.233
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