$MERL technical analysis on my | Alertopia2 on Binance Square

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$MERL technical analysis on my page.
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$RIVER 🚨 ROCKET! INSANE BULLISH REVERSAL After Falling Wedge Breakout! 🚀 📈 Price Action and Chart Pattern The price previously experienced a significant decline, which formed a Falling Wedge pattern. This pattern is typically considered bullish and suggests that a breakout to the upside is likely. The price has successfully broken out of this Falling Wedge, indicating a dramatic reversal of the prior bearish trend. 🚀 Recent Momentum and Breakout Following the breakout from the Falling Wedge, the price has shown strong, explosive upward momentum. Currently, there is a very sharp move up, smashing through several key moving averages (represented by the orange, purple, and blue lines). The last major resistance level was around the 4.920 to 4.611 area (indicated by the blue zone), which has been overcome with massive force. There is a clear, recent surge in price, indicated by the two blue circles, which highlights an aggressive, parabolic buying phase where the price has pushed past $6.000 and is currently trading around $6.629. The bulls are showing NO MERCY! 🎯 Moving Averages (MAs) The price is now trading supremely above all the displayed moving averages. The MAs themselves have recently started to curl upward and are crossing, or about to cross, in a super bullish configuration, confirming the dominant shift in momentum. 🥅 Target and Key Levels The chart shows a designated Target level marked by a red dotted line near 8.000. This suggests an expected price goal following the bullish breakout. The recent breakout from the Falling Wedge and the strong upward move indicate that bulls are firmly and aggressively in control. If the current price level holds, the next major objective is the indicated Target.

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$FHE Our outlook remains the same as before.

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$FHE is still showing a strong bullish trend, with the price staying above all major EMAs, which means buyers are firmly in control 📈🔥. The recent pullback looks healthy because the trading volume is dropping during the correction — a sign that sellers are not very aggressive 😌. The RSI around 62 also shows that the momentum is still bullish and not yet overbought, giving the market more room to move upward 💪💜. As long as the price holds above the support zone around the EMA10–EMA20 area (0.051–0.045), the uptrend remains solid. If this support stays strong, FHE has a good chance to retest the 0.064 level and possibly break higher 🚀✨. Overall, the trend remains positive, and this small cooldown could simply be a pause before the next potential move upward 🌟.

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$WET The chart is currently in a Decision Phase. The bears had their fun with the wedge breakdown, and now the bulls are trying to build a base. Bullish Scenario 🚀: If the price holds above 0.2900 and breaks the immediate resistance at 0.3000, it will likely head towards the first red zone at 0.3100. Bearish Scenario 🩸: If the price gets rejected here and falls back below 0.2800, it will likely re-test the bottoms at 0.2700. ⚠ Note: Since this is a 3-minute chart, the market moves very fast! Keep your stop-losses tight. We go beyond technical analysis—we actively trade the assets that we analyze.🤝 #altseaon #NFA #dyor

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