📉 WCT/USDT Analysis (4H, Binance)
WCT is exiting a prolonged descending channel 🔻 and showing signs of reversal.
🔍 What is visible on the chart:
The price has broken through the upper boundary of the channel ⬆️
The "double bottom" formation indicates a reversal pattern
There is an attempt to consolidate above the Ichimoku cloud, but the cloud is still acting as resistance ☁️
MA 7, 25, and 99 are narrowing and may cross in a bullish direction
Support: 0.3100–0.3060 USDT
Resistance: 0.3230 USDT
⚠️ Important:
Consolidation above the cloud will strengthen the signal for continued growth. For now, the asset is under close observation.