#VANRY

📌 Patterns:

Rising Wedge: This is generally a pattern that creates an expectation of a downward breakout.

Additionally, a structure similar to a Double Top is also noticeable on the chart, which strengthens the bearish signal.

📉 Critical Areas & Targets

Rising Wedge Pattern

The lower support line is about to break.

If this breakout occurs, a decline equal to the height of the pattern may happen.

Target area: 0.03381 USDT

Double Top Effect

A horizontal neckline has been created between the two peaks.

If it falls below this level, additional bearish potential is revealed.

First short-term target: 0.03660 USDT (support level)

🔍 Technical Details

FeatureValueCurrent Price0.04107 USDTPatternsRising Wedge, Double TopFirst Support (Target 1)0.03660 USDTMain Support (Target 2)0.03381 USDTPotential BreakoutClosing below 0.04000

📉 Bear Scenario

In the case of a downward breakout of the wedge pattern, selling pressure may increase.

The first stop could be 0.03660, followed by a potential drop to the 0.03381 area.

🐂 Bull Scenario

If the price breaks above the upper band of the wedge, this bearish scenario may be invalidated.

However, the current technical structure indicates a downward pressure.

✅ Conclusion

Rising wedge and potential double top create bearish signals.

If there is a persistence below the 0.04000 level, a pullback to the 0.03660 → 0.03381 levels can be expected.

If the breakout is supported by volume, the decline may be stronger.