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📊 BB/USDT — pro break of the wedge on the horizon? 🔍
On the 3D chart of BBUSDT, a prolonged consolidation is observed within a descending wedge 📉, which has been ongoing since June 2024. Current price: $0.1296
Technical picture:
Ichimoku ☁️: the price is near the cloud, the upper boundary at $0.1373 — key resistance.
MA 7 / 25 / 99 📊: quotes above MA7 (0.1176) and MA25 (0.1035), but significantly below MA99 (0.2064) — the short term looks bullish.
Parabolic SAR 📍: points below the price (0.0940) signal an upward momentum.
Figure 📐: descending wedge — historically a bullish pattern upon breakout upwards.
Key levels:
Support 🛡: $0.1176 (MA7) and $0.1035 (MA25).
Resistance 🚧: $0.1373 (Ichimoku) and $0.2064 (MA99).
Scenarios:
🟢 Bullish: breakout $0.1373 with consolidation → test $0.20 and above.
🔴 Bearish: rejection of the breakout and return below $0.1176 → drop to $0.10 and $0.094.
💡 The asset is on the verge of breaking out of the wedge. A breakout upwards will give a strong momentum, while a pullback will return to the prolonged consolidation zone.