$BB /USDT — pro break of the wedge on the horizon?
On the 3D chart of BBUSDT, a prolonged consolidation is observed within a descending wedge , which has been ongoing since June 2024. Current price: $0.1296
Technical picture:
Ichimoku : the price is near the cloud, the upper boundary at $0.1373 — key resistance.
MA 7 / 25 / 99 : quotes above MA7 (0.1176) and MA25 (0.1035), but significantly below MA99 (0.2064) — the short term looks bullish.
Parabolic SAR : points below the price (0.0940) signal an upward momentum.
Figure : descending wedge — historically a bullish pattern upon breakout upwards.
Key levels:
Support : $0.1176 (MA7) and $0.1035 (MA25).
Resistance : $0.1373 (Ichimoku) and $0.2064 (MA99).
Scenarios:
Bullish: breakout $0.1373 with consolidation → test $0.20 and above.
Bearish: rejection of the breakout and return below $0.1176 → drop to $0.10 and $0.094.
The asset is on the verge of breaking out of the wedge. A breakout upwards will give a strong momentum, while a pullback will return to the prolonged consolidation zone.
