#GOAT
📌 Formation:
A clear Falling Wedge formation is seen in the chart.
This formation is known as a bullish (upward) formation. As the price falls within the narrowing channel, momentum decreases, and sharp increases are seen with an upward breakout.
🎯 Target Price:
DirectionTarget Price (USDT)Description🔼 Up0.16145 USDTProjection upwards by the height of the falling wedge
🧠 Technical Observations:
Breakout: The upper band of the formation has been broken upwards (~0.13 levels).
Volume: Although there is no increase in volume at the breakout area, a stable trend is noticeable.
Current Price: 0.13697 USDT — upward movement has started following the formation breakout.
🔁 Support – Resistance Levels:
TypeLevel (USDT)DescriptionResistance0.161Target areaSupport0.130Former resistance, now support levelMain Support0.120Area close to the wedge lower band
🔍 Possible Scenarios:
ScenarioConditionTarget📈 Continuation of the riseIf maintained above 0.1300.16145 USDT🔁 Retest scenarioPullback to the 0.130 levelCould be a buying opportunity📉 Breakdown of the breakoutClosing below 0.120Bullish scenario becomes invalid
✅ Summary:
TitleInformationMain FormationFalling WedgeDirectionUpBreakout Point~0.130 USDTTarget Price0.16145 USDRiskRisk of breakdown on closing below 0.120
