📉 WCT/USDT — consolidation in a descending wedge 🔍
On the 3D chart WCT/USDT, the price remains within the descending wedge 🔻, formed after a sharp impulse and collapse in June.
Current price: $0.3295
Technical picture:
Ichimoku ☁️: price below the cloud, bearish trend.
MA 7 / 25 / 99 📊: quotes are between MA7 (0.3259) and MA25 (0.3507), signaling a phase of uncertainty.
Parabolic SAR 📍: points below the price, indicating an attempt at a local reversal.
Figure 📐: descending wedge — often a bullish pattern upon breakout upwards.
Key levels:
Support 🛡: $0.31 — the lower boundary of the wedge.
Resistance 🚧: $0.35 and then $0.3964 (SAR), $0.5929 (top of the Ichimoku cloud).
Scenarios:
🟢 Bullish: breakout of $0.35 with consolidation → test $0.40 and above to $0.59.
🔴 Bearish: breakout of $0.31 downwards → drop to $0.25 and $0.20.
💡 Currently, the asset is in a compression zone, and the nearest breakout from the wedge will determine the medium-term movement vector.
