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📊 LAUSDT — breakout of the descending wedge! 🚀
On the 4H chart of LAUSDT, we see a clear breakout from a prolonged descending wedge 📐 formation that has held the price since the beginning of August. Current price: $0.3617
Technical picture:
Ichimoku ☁️: the price has settled above the cloud ($0.3607), bullish signal.
MA 7 / 25 / 99 📊: all averages ($0.3566 / $0.3369 / $0.3365) remained below the price → upward trend confirmed.
Parabolic SAR 📍: points below the price ($0.3442) confirm the bullish momentum.
Breakout of the wedge 📈: a classic signal for accelerated growth after prolonged compression.
Key levels:
Support 🛡: $0.3566 (MA7), $0.3488 (Ichimoku), $0.3365 (MA99).
Resistance 🚧: $0.40, then $0.45 and $0.50.
Scenarios:
🟢 Bullish: holding above $0.3566 and consolidating above $0.37 → rise to $0.40–$0.45.
🔴 Bearish: drop below $0.3488 → return to the zone $0.336–$0.34.
💡 Exit from the wedge + confirmation by all indicators makes the asset interesting for bullish strategies. The main thing is to hold above $0.37.