CKBUSDT initially formed a rounding bottom pattern, but price faced strong resistance at the neckline, leading to a significant rejection and the development of a falling wedge structure. Price is now approaching the lower boundary of the wedge, making this a key level to watch for potential reversal.
The reaction at this zone will determine the next major move, with a confirmed breakout of the wedge likely to trigger a retest of the neckline zone around $0.033, potentially reigniting bullish momentum.
Mid and long-term targets are outlined on the chart, with price action within these levels guiding the broader trend outlook. Monitor closely for confirmation.
The reaction at this zone will determine the next major move, with a confirmed breakout of the wedge likely to trigger a retest of the neckline zone around $0.033, potentially reigniting bullish momentum.
Mid and long-term targets are outlined on the chart, with price action within these levels guiding the broader trend outlook. Monitor closely for confirmation.
Trade active
Zone of interest provided still holding firm for the accumulation opportunity.
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📩 For Promotions, Advertisements & Partnerships: @WESLAD
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📩 For Promotions, Advertisements & Partnerships: @WESLAD
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.