TREE/USDT (4h) according to the current chart 👇
🔍 General picture:
A narrowing descending wedge is forming — a potentially bullish pattern, especially if there is a breakout upwards. But for now, the pressure to the downside remains.
📉 Current price: $0.4082
📊 Loss per candle: -3.52%
📌 Technical details:
Resistance of the wedge: ~$0.45
Support of the wedge: ~$0.40
The price is testing the lower boundary — a false breakout downwards or a pullback from support is possible.
📈 MA 7 (short-term): $0.4248 — above the current price (bearish signal)
📉 MA 25 and MA 99: also above — the downtrend continues
💡 SAR: $0.4793 — far above the price, downtrend
☁️ Ichimoku:
Price below the cloud — bearish control
Kijun line ($0.4556) and Tenkan ($0.4365) are also above — confirming weakness
⚠️ Conclusion:
The price is on the verge of breaking support: if $0.40 does not hold — a drop to $0.36–0.34 is possible.
If the wedge plays out — target in case of an upward breakout: $0.45–0.48 and above
Volumes are not visible — watch for spikes in activity.
📌 Watch for:
Breakout downwards (bearish scenario)
False breakout + return to the wedge = signal to long
A true bullish signal — consolidation above $0.45
💣 Risk/Reward is high — act cautiously and based on confirmation!
