#metis
🔷 Pattern:
The chart shows a clear Rising Wedge pattern.
A Rising Wedge is generally a bearish reversal formation when it appears after an uptrend.
The price is near the resistance line of the wedge, indicating potential for a breakdown.
🎯 Target Price:
DirectionTarget (USDT)Description🔽 Down14.13Projected from the height of the wedge
📉 Technical Observations:
Current Price: 19.72 USDT
Pattern Implication: If the wedge breaks to the downside, a drop toward 14.13 is possible.
Potential Decline: ~28% from the current level if target is reached
📌 Key Levels:
TypePrice (USDT)DescriptionResistance~20.00Top of the wedgeSupport~18.00Lower wedge boundaryBearish Target14.13Calculated breakdown objective
🧭 Scenarios:
ScenarioConditionExpected Outcome⚠️ Bearish CasePrice breaks below wedge supportDrop to 14.13 target✅ InvalidatedPrice closes above 20.00Wedge structure invalidated⏳ NeutralPrice consolidates within wedgeWait for breakout direction
✅ Summary:
ElementValuePatternRising WedgeDirectionBearish if confirmedTarget Price14.13 USDTConfidence LevelMedium (requires wedge breakdown)