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📌 Technical Analysis: $TRB #/USDT – 1D Timeframe
🟢 Reversal Pattern: Inverse Head and Shoulders
A classic Inverse Head and Shoulders pattern is clearly visible on the chart, which typically signals the end of a downtrend and the beginning of a strong upward movement.
Head: Formed near the strong support level at 19.47 USDT.
Left and Right Shoulders: Built on both sides of the head, bouncing off the 24.47 USDT support area.
Neckline: Located at the resistance zone around 34 USDT.
A confirmed breakout above the 34 USDT neckline, followed by solid price action above this level, could lead to a significant bullish rally.
🎯 Potential Targets
🎯 First Target after breaking 34 USDT resistance:
Price level: around 48.95 USDT
Gain: +14.95 USDT, approximately +78.19%
🎯 Second Target if uptrend continues:
Price level: around 60 USDT, a major daily resistance
Gain: +27.01 USDT, approximately +78% from current price
🛑 Key Support Levels
🟩 Strong Daily Support: 19.47 USDT (dark green)
🟩 Intermediate Support: 24.47 USDT (medium green) – if a correction occurs, this zone may trigger a bullish reaction.
🪙 Bearish Scenario
If the price fails to break above 34 USDT and gets rejected, a correction down to 24.47 USDT (around −14%) is likely. This could act as a right shoulder retest, potentially offering a good entry point.
🧠 Summary
The "Inverse Head and Shoulders" pattern, supported by strong horizontal support levels, suggests the possibility of a medium-term bullish trend. However, confirmation depends on breaking and holding above the 34 USDT resistance.
First target is around 48.95 USDT, and the second major target lies at 60 USDT.🪙🌀