Technical Analysis for "TWT/USDT": Falling Wedge Pattern ?

Technical Analysis for "TWT/USDT": Anticipated Price Bounce to 1.7016 within a Falling Wedge Pattern

When analyzing the TWT/USDT trading pair, one intriguing aspect to consider is the presence of a falling wedge pattern. This technical analysis will delve into this pattern in conjunction with the buying area and our expectation for a potential price bounce up to 1.7016 .

Typically, falling wedge patterns suggest a potential bullish reversal, as selling pressure diminishes over time, leading to a breakout towards the upside.

In line with this pattern, our analysis indicates a buying area within the range of 0.6858-0.7428. This range aligns with the lower trend line of the falling wedge and provides traders with an opportune entry point.

Taking into account both the falling wedge pattern and the buying area, we expect twt/USDT to experience a price bounce that could drive the pair towards the level of 1.7016.

In summary, within the TWT/USDT trading pair, the presence of a falling wedge pattern suggests a potential bullish reversal. The identified buying area of 0.6858-0.7428 aligns with the lower trend line of the pattern and serves as an attractive entry point.



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