#GAS
📌 Formation:
A Rising Wedge formation is observed in the chart.
This formation is generally considered a bearish reversal pattern.
The price has moved upwards within a narrowing rising channel but has shown signs of weakness at the peak points.
🎯 Target Price:
Direction | Target Price (USDT) | Description
🔽 Down | 2,717 USDT | Downward measurement target as much as the height of the wedge
🧠 Technical Observations:
Formation Breakdown: The price has been rejected near the upper band of the wedge, and a minor pullback has begun.
Current Price: 3,532 USDT
Target: ~2,717 USDT (approximately 23% downside potential)
🔁 Support – Resistance Levels:
Type | Level (USDT) | Description
Main Support | 3,200 | Support near the lower band of the wedge
Target | 2,717 | Formation target
Resistance | 3,600+ | Upper band of the wedge and rejected level
🔍 Possible Scenarios:
Scenario | Condition | Target
📉 Downward Scenario | If the wedge breaks down | 2,717 USDT
🔁 Retest Scenario | Retest around 3,400 | Selling opportunity
❌ Formation Cancellation | Closing above 3,600 | Bullish momentum
✅ Summary:
Title | Information
Main Formation | Rising Wedge
Direction | Down (potential decline)
Breakout Status | No clear breakout observed
Target Price | 2,717 USDT
Risk | Formation may break with a close above 3,600
