๐ WCT/USDT Technical Breakout Alert
๐ 4H Chart | $0.3751 | +8.13%
$WCT is showing strong bullish momentum after a long consolidation phase. Two major bullish patterns have now been confirmed:
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๐ 1. Double Bottom Pattern (W-Shaped Reversal)
โ Support held strong near $0.3162
โ Neckline breakout at $0.3540
๐ฏ Target: $0.3918 โ almost reached!
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๐ 2. Ascending Triangle Formation
๐ผ Flat resistance at $0.3765
๐ผ Series of higher lows tightening into breakout zone
๐ฅ Breakout in progress โ supported by volume surge
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๐ Other Key Signals:
โ Higher Highs & Higher Lows over the last 2 weeks
โ Bullish EMA alignment: EMA(7) > EMA(25) > EMA(99)
โ RSI (6) = 87.59 โ Overbought, but momentum still strong
โ OBV and volume showing solid buyer pressure
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โ ๏ธ Caution:
Short-term pullback possible due to RSI being high, but structure stays bullish as long as price holds above $0.3519.
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๐ง DYOR โ Do Your Own Research
This is not financial advice. Always assess your own risk, use stop-losses, and never invest more than you can afford to lose.
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๐ Thanks for your time, and stay sharp!
