$DEEPSEEK is forming a near-perfect descending wedge pattern that appears ready for an imminent breakout! After weeks of controlled consolidation, key technical indicators are aligning for a potential explosive move.
Technical Setup
Textbook descending wedge with price compressed between converging red trend lines visible on the daily chart. We've seen decreasing volume during the wedge formation (✓) and recent green volume spikes suggesting accumulation is happening while price remains depressed (✓✓).
Critical Zone
Price is testing the upper wedge boundary RIGHT NOW and approaching the convergence point of multiple trend lines. This compression zone historically leads to powerful breakouts - the tighter the compression, the stronger the eventual move.
Volume Confirmation
Recent buy-side volume increasing despite continued downward price pressure = smart money accumulating quietly. This divergence between price action and volume is one of the most reliable indicators of an impending reversal.
Key Levels
Breakout confirmation: Above $0.0180
Target 1: $0.0340 (marked on chart, ~95% upside potential)
Target 2: $0.1
Target 3: $0.3
I've loaded my bags and set my alerts. This could be one of the most lucrative setups of the month if it plays out! Who else is watching $DEEPSEEK?
#DEEPSEEK #AITokens #TechnicalAnalysis #CryptoTrading #BullishWedge
Technical Setup
Textbook descending wedge with price compressed between converging red trend lines visible on the daily chart. We've seen decreasing volume during the wedge formation (✓) and recent green volume spikes suggesting accumulation is happening while price remains depressed (✓✓).
Critical Zone
Price is testing the upper wedge boundary RIGHT NOW and approaching the convergence point of multiple trend lines. This compression zone historically leads to powerful breakouts - the tighter the compression, the stronger the eventual move.
Volume Confirmation
Recent buy-side volume increasing despite continued downward price pressure = smart money accumulating quietly. This divergence between price action and volume is one of the most reliable indicators of an impending reversal.
Key Levels
Breakout confirmation: Above $0.0180
Target 1: $0.0340 (marked on chart, ~95% upside potential)
Target 2: $0.1
Target 3: $0.3
I've loaded my bags and set my alerts. This could be one of the most lucrative setups of the month if it plays out! Who else is watching $DEEPSEEK?
#DEEPSEEK #AITokens #TechnicalAnalysis #CryptoTrading #BullishWedge
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.
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.