🔍 Pattern and Chart Structure:
Timeframe: 1D (Daily)
Pattern: Breakout from a Descending Trendline that has been intact since late 2024.
Support and Resistance Levels:
Closest support: $0.0744
Key resistances: $0.0915 – $0.1087 – $0.1446 – $0.1852 – $0.2528 – $0.3197 – $0.4017
Volume & Momentum: The chart shows a price breakout above the descending trendline, likely accompanied by increased buying volume (volume confirmation is important).
🚀 Bullish Scenario:
If the price holds above the broken trendline:
A confirmed breakout occurs if the daily candle closes above $0.0744 and pushes toward $0.0915 and beyond.
Gradual target levels:
1. $0.0915 → $0.1087
2. $0.1087 → $0.1446
3. $0.1446 → $0.1852 (strong psychological resistance)
4. With strong bullish momentum, potential rally towards $0.25 – $0.40 range
📌 Note: If the price forms a higher low after the breakout, it further confirms a trend reversal.
🔻 Bearish Scenario:
If this breakout turns out to be a false breakout:
Price fails to hold above $0.0744
Drops back down to the support range around $0.0630 → $0.0500
If the price breaks below $0.0500, a further decline toward historical support at $0.0450 is possible
📌 A bearish confirmation would come from a daily candle closing back below the trendline with increased selling volume.
🧩 Conclusion:
Currently, W/USDT shows signs of a possible reversal after breaking the major long-term downtrend.
Breakout validation requires volume confirmation and strong follow-through.
The potential upside is attractive, but caution is advised in case of a false breakout.
#WUSDT #CryptoBreakout #AltcoinAnalysis #BullishReversal #TechnicalAnalysis #CryptoTrading #DescendingTrendline #BreakoutAlert #AltcoinSeason #SupportResistance
Timeframe: 1D (Daily)
Pattern: Breakout from a Descending Trendline that has been intact since late 2024.
Support and Resistance Levels:
Closest support: $0.0744
Key resistances: $0.0915 – $0.1087 – $0.1446 – $0.1852 – $0.2528 – $0.3197 – $0.4017
Volume & Momentum: The chart shows a price breakout above the descending trendline, likely accompanied by increased buying volume (volume confirmation is important).
🚀 Bullish Scenario:
If the price holds above the broken trendline:
A confirmed breakout occurs if the daily candle closes above $0.0744 and pushes toward $0.0915 and beyond.
Gradual target levels:
1. $0.0915 → $0.1087
2. $0.1087 → $0.1446
3. $0.1446 → $0.1852 (strong psychological resistance)
4. With strong bullish momentum, potential rally towards $0.25 – $0.40 range
📌 Note: If the price forms a higher low after the breakout, it further confirms a trend reversal.
🔻 Bearish Scenario:
If this breakout turns out to be a false breakout:
Price fails to hold above $0.0744
Drops back down to the support range around $0.0630 → $0.0500
If the price breaks below $0.0500, a further decline toward historical support at $0.0450 is possible
📌 A bearish confirmation would come from a daily candle closing back below the trendline with increased selling volume.
🧩 Conclusion:
Currently, W/USDT shows signs of a possible reversal after breaking the major long-term downtrend.
Breakout validation requires volume confirmation and strong follow-through.
The potential upside is attractive, but caution is advised in case of a false breakout.
#WUSDT #CryptoBreakout #AltcoinAnalysis #BullishReversal #TechnicalAnalysis #CryptoTrading #DescendingTrendline #BreakoutAlert #AltcoinSeason #SupportResistance
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✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
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✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.