@Lagrange Official #lagrange $LA
📊 LAUSDT — breakout of the descending wedge! 🚀
On the 4H chart of LAUSDT, we see a clear exit from a long formation of a descending wedge 📐, which has held the price since the beginning of August.
Current price: $0.3617
Technical picture:
Ichimoku ☁️: the price has settled above the cloud ($0.3607), a bullish signal.
MA 7 / 25 / 99 📊: all averages ($0.3566 / $0.3369 / $0.3365) remain below the price → the upward trend is confirmed.
Parabolic SAR 📍: points below the price ($0.3442) confirm bullish momentum.
Breakout of the wedge 📈: a classic signal for accelerated growth after prolonged compression.
Key levels:
Support 🛡: $0.3566 (MA7), $0.3488 (Ichimoku), $0.3365 (MA99).
Resistance 🚧: $0.40, then $0.45 and $0.50.
Scenarios:
🟢 Bullish: holding above $0.3566 and settling above $0.37 → growth to $0.40–$0.45.
🔴 Bearish: falling below $0.3488 → return to the zone of $0.336–$0.34.
💡 Exit from the wedge + confirmation by all indicators makes the asset interesting for bullish strategies. The main thing is to settle above $0.37.