#flux
🔷 Pattern:
The chart displays a Rising Wedge pattern.
A rising wedge is typically a bearish reversal pattern, especially when it forms after an upward move.
The price has broken below the wedge structure, which confirms a bearish signal.
🎯 Target Price:
DirectionTarget (USDT)Description🔻 Down0.2362 – 0.2400Projected from the height of the wedge, measured from the breakdown
📉 Technical Observations:
Current Price: 0.2781 USDT
Breakdown Confirmed: Yes
Downside Potential: ~15% from current level to reach the target
📌 Key Levels:
TypePrice (USDT)DescriptionSupport0.2400Pattern target zoneResistance0.2850–0.2900Recent top before breakdown
🧭 Scenarios:
ScenarioConditionExpected Outcome✅ Bearish CaseBreakdown sustains below 0.2700Drop to 0.236–0.240⚠️ Pullback RiskPrice retests wedge support as resistanceMay offer re-entry short❌ InvalidationPrice re-enters wedge and closes >0.2900Pattern fails
✅ Summary:
ElementValuePatternRising Wedge (Bearish)StatusBreakdown ConfirmedTarget Price0.2362 – 0.2400 USDTConfidence LevelModerate to High