On the 3D timeframe, SCRT/USDT appears to be moving within a Falling Wedge pattern, which has been forming for quite some time since the previous peak. This structure is characterized by:
Consistent Lower Highs (LH) at the resistance area
Continuous Lower Lows (LL) with a narrowing price range
Price currently making a pullback upward toward wedge resistance
This wedge suggests that, on a macro level, bearish pressure is starting to weaken, and price is now at a crucial area to determine the next direction.
---
📐 Pattern Structure: Falling Wedge
A Falling Wedge is typically a bullish reversal pattern, even though it forms during a downtrend.
Key characteristics in this chart:
Both resistance and support trendlines are sloping downward and converging
Volatility is decreasing → indicating potential for breakout
Price is approaching the upper boundary → a critical reaction zone
---
🔼 Bullish Scenario
Bullish confirmation becomes stronger if a decisive breakout occurs from the wedge:
Confirmation:
Break & close above wedge resistance (around 0.11 – 0.13 area)
Supported by increasing volume
Potential Targets:
Initial target: 0.16
Next targets: 0.20 – 0.26
Extended move toward previous supply zone around 0.30+
Narrative: A breakout from a falling wedge often signals the start of a trend reversal. If this plays out, SCRT could transition from a prolonged distribution phase into accumulation → markup phase.
---
🔽 Bearish Scenario
If price fails to break the resistance:
Confirmation:
Strong rejection at wedge resistance
Appearance of bearish continuation candles
Downside Targets:
Return to support: 0.07
If breakdown occurs: potential continuation toward 0.05 or lower
Narrative: Although a falling wedge is typically bullish, failure to break out may keep price under pressure and extend the downtrend before any meaningful reversal occurs.
---
⚖️ Key Levels
Wedge Resistance: 0.11 – 0.13
Mid Support: around 0.09
Major Support: 0.07
Breakout Zone: above the wedge (bullish confirmation)
---
🧠 Conclusion
SCRT is currently at a critical decision zone.
Breakout = strong reversal potential
Rejection = possible continuation of the downtrend
Traders should wait for confirmation, not prediction, especially around the current resistance area.
#SCRT #SCRTUSDT #CryptoAnalysis #TechnicalAnalysis #Altcoin #FallingWedge #Breakout #CryptoTrading #BullishReversal #SupportResistance #SmartMoney #PriceAction
Consistent Lower Highs (LH) at the resistance area
Continuous Lower Lows (LL) with a narrowing price range
Price currently making a pullback upward toward wedge resistance
This wedge suggests that, on a macro level, bearish pressure is starting to weaken, and price is now at a crucial area to determine the next direction.
---
📐 Pattern Structure: Falling Wedge
A Falling Wedge is typically a bullish reversal pattern, even though it forms during a downtrend.
Key characteristics in this chart:
Both resistance and support trendlines are sloping downward and converging
Volatility is decreasing → indicating potential for breakout
Price is approaching the upper boundary → a critical reaction zone
---
🔼 Bullish Scenario
Bullish confirmation becomes stronger if a decisive breakout occurs from the wedge:
Confirmation:
Break & close above wedge resistance (around 0.11 – 0.13 area)
Supported by increasing volume
Potential Targets:
Initial target: 0.16
Next targets: 0.20 – 0.26
Extended move toward previous supply zone around 0.30+
Narrative: A breakout from a falling wedge often signals the start of a trend reversal. If this plays out, SCRT could transition from a prolonged distribution phase into accumulation → markup phase.
---
🔽 Bearish Scenario
If price fails to break the resistance:
Confirmation:
Strong rejection at wedge resistance
Appearance of bearish continuation candles
Downside Targets:
Return to support: 0.07
If breakdown occurs: potential continuation toward 0.05 or lower
Narrative: Although a falling wedge is typically bullish, failure to break out may keep price under pressure and extend the downtrend before any meaningful reversal occurs.
---
⚖️ Key Levels
Wedge Resistance: 0.11 – 0.13
Mid Support: around 0.09
Major Support: 0.07
Breakout Zone: above the wedge (bullish confirmation)
---
🧠 Conclusion
SCRT is currently at a critical decision zone.
Breakout = strong reversal potential
Rejection = possible continuation of the downtrend
Traders should wait for confirmation, not prediction, especially around the current resistance area.
#SCRT #SCRTUSDT #CryptoAnalysis #TechnicalAnalysis #Altcoin #FallingWedge #Breakout #CryptoTrading #BullishReversal #SupportResistance #SmartMoney #PriceAction
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.