📊 USTC/USDT (4H, Binance) — Wedge breakout and possible pump?
📈 A descending wedge has formed on the chart, which is often interpreted as a bullish reversal pattern. The price confidently broke through the upper boundary of the figure, breaking the resistance line — this is a strong signal for a trend change. 📉➡️📈
📌 Key levels:
⚪️ Resistance: 0.01518 USDT — the nearest target after the breakout.
🔵 Support: 0.01127 USDT — the base of the wedge and demand zone.
📍 Current price: ~0.01305 USDT — above all short-term MAs and above the Ichimoku cloud.
🧠 Indicators:
MA (7, 25, 99): The crossing and the price moving above all moving averages — confirms bullish momentum.
Ichimoku: The price broke through the cloud upwards, forming a bullish signal 'Kumo Breakout'.
SAR: Support points have moved below the candles — a signal for growth.
Bollinger Bands: Sharp expansion — a sign of the beginning of strong movement.
🚀 Development scenario:
After the breakout of the wedge and consolidation above Ichimoku, one can expect further movement towards 0.015 USDT and above with sufficient volume.
However, a retest of the broken level in the range of 0.0125 – 0.0128 USDT is possible before the next surge. 📉🔁📈
🎯 Strategy:
📥 Picking up from 0.0125 on a pullback
🎯 Targets: 0.0145 / 0.0151
🛡 Stop: below 0.0112
💬 Conclusion:
USTC shows a strong technical breakout after a long consolidation. Growth potential remains, especially against the backdrop of a multi-week wedge breakout.
Attention to volumes and behavior on the retest — this is a key moment for entry. ⚠️