🚨 Falling Wedge Breakout Signal (EGLD/USDT) 🚨
🔹 Pattern: Falling Wedge (Bullish Reversal)
🔹 Entry Zone: Around $27-$29 (Current Price)
🔹 Resistance (R): $37 (First resistance zone, marked in red)
🔹 Target: $49-$53 (Blue zone, post-breakout target)
🔹 Stop Loss: Below $25
🔹 Time Frame: Daily
📈 Signal:
A falling wedge is a bullish reversal pattern, and we can expect a breakout towards the upside soon.
The price has touched the lower trendline multiple times, indicating potential exhaustion of sellers.
A confirmed breakout above the wedge could lead the price towards the $37 resistance, with further targets of $49-$53 if the momentum sustains.
🟢 Buy on breakout confirmation above $30, aiming for the next resistances.
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This signal can be monitored closely for changes based on volume and price action.
