#kda
📌 Formation:
A classic Rising Wedge formation is present in the chart.
Rising Wedge usually signals a trend reversal and is a structure with high potential for decline.
After the price moves within a narrowing ascending channel, there is an expectation of a downward break.
🎯 Target Price:
DirectionTarget Price (USDT)Description🔽 Down0.3770 USDTTarget below the height of the wedge
📊 Technical Observations:
Rising Wedge Upper Boundary: Resistance at ~0.59 level.
Wedge Break Area: ~0.54 level (the price is currently close to this area).
Volume: If an increase in volume is observed after the wedge, the breakout can be confirmed.
Current price: 0.5501 USDT – has approached the lower boundary of the wedge.
🛡 Support – Resistance Levels:
TypeLevel (USDT)DescriptionResistance0.59Upper band of the wedgeSupport0.52Lower channel support (important)Main Target0.3770Rising Wedge target area
🔍 Possible Scenarios:
ScenarioConditionTarget📉 Bearish ScenarioClose below 0.52 0.3770 USDT🔁 ConsolidationHorizontal movement in the 0.52–0.56 bandUncertain❗ Bullish ScenarioStrong volume breakout above 0.59The wedge may become invalid
✅ Summary:
TitleInformationMain FormationRising WedgePossible DirectionDown (bearish formation)Formation Target0.3770 USDTBreakout StatusNot yet certain – in the observation phase
