#YGG
🔷 Pattern:
The chart clearly shows a Rising Wedge pattern.
A Rising Wedge is typically a bearish reversal formation, especially when it appears after an uptrend.
The price is currently at the upper resistance of the wedge.
🎯 Target Price:
DirectionTarget (USDT)Description🔽 Down0.1490Calculated by measuring the wedge height and projecting it downward
📉 Technical Observations:
Current Price: 0.1998 USDT
Pattern Support Break Risk: If the price breaks below the lower wedge line, the pattern confirms a bearish breakdown.
Downside Potential: ~25% decline if the target is hit
📌 Key Levels:
TypePrice (USDT)DescriptionResistance0.2100Upper boundary of wedgeSupport0.1800Lower wedge support areaBearish Target0.1490Projected from wedge height
🧭 Scenarios:
ScenarioConditionExpected Outcome⚠️ Bearish CasePrice breaks below wedge supportDrop toward 0.1490 target✅ InvalidatedPrice closes above 0.2100Wedge structure invalidated⏳ NeutralPrice stays within wedgeAwait breakout direction
✅ Summary:
ElementValuePatternRising WedgeDirectionBearish if confirmedTarget Price0.1490 USDTConfidence LevelMedium (depends on breakdown)