The 20-year Treasury Bond ETF is finding support near the trendline.
The target is to see the $101.56 level.
Recent interest rate hikes have indeed increased TLT’s volatility, but looking at the chart—the trendline support is still holding fairly well, and the lows are rising. The descending wedge is almost complete, and this pattern typically tends to break upwards.
From a technical perspective, higher lows have already formed, and the descending wedge is nearing completion. If the support holds, there could be room for a rebound next. Of course, all of this still depends on future interest rate policy decisions.
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Fren_Not_Food
· 12-11 22:31
Can the 101.56 level be broken? It feels like interest rates still need to drop further for this wave.
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DegenDreamer
· 12-11 17:05
101.56 Ah, sounds good, but this guy interest rate just won't give face.
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I'm tired of the descending wedge pattern; I'm just worried this might be another false breakout.
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Higher lows are indeed interesting. Can the support hold? Honestly, I'm a bit skeptical.
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TLT really can't hold this time; a shift in interest rate policy would be disastrous.
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Is the trendline holding steady? I feel like it’ll break at the slightest breeze.
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101.56 is just a dream; reality might be even harsher.
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There's room for a rebound, but the interest rate needs to cooperate first. How can that be decided on its own?
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The chart looks great, but I'm worried all this could be wasted if policies suddenly change.
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StakoorNeverSleeps
· 12-10 18:08
Wait a minute, is the descending wedge really that reliable? I keep feeling like I’m being scammed.
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Whether the support can hold depends on Uncle Fed’s mood. No matter how pretty the technicals look, it’s useless.
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$101.56? Let’s see if it can hold above 100 first.
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With such a fierce interest rate hike, how useful are the nice charts? Next week, there’s a new story.
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Higher lows sound comfortable, but TLT has been constantly tormenting us like this lately.
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Hmm, another “if the support holds,” the story is really well told.
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ETH_Maxi_Taxi
· 12-10 11:44
It would be great if TLT's wedge pattern really breaks out this time, but the interest rate directional indicator is still too hard to predict.
101.56 feels a bit optimistic; let's see if we can hold the trendline first.
Whether this rebound can gain momentum mainly depends on how the Federal Reserve proceeds next.
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HappyMinerUncle
· 12-09 18:11
Hey, 101.56 right? With rates this crazy, counting on a TLT rebound is just luck.
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I’ve seen plenty of descending wedge patterns, but the key is whether the Fed will keep hiking. That’s the real game-changer.
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Higher lows sound nice, but a single CPI print could tank everything. Is it really that solid?
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The trendline is holding, but honestly, tons of fixed income products got wrecked by rate policy before they could even rebound.
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$101.56 is kind of conservative. If the technicals really play out, there might be more upside.
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Buying TLT now? Feels like playing with fire. The rate pivot isn’t confirmed yet.
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The descending wedge is almost done. I’ll wait and see how next week goes—don’t want to get faked out by a false breakout.
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MerkleMaid
· 12-09 18:10
Wait, can the trendline really hold? With rates this aggressive, I'm a bit nervous.
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If the descending wedge fails to break out, I'll just cut my losses.
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101.56 feels a bit optimistic... If this rebound can reach 90, that's already pretty good.
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By the way, TLT's recent volatility is insane, feels even more thrilling than crypto.
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The key is still what the Fed says—no matter how perfect the technicals are, it's all meaningless otherwise.
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RugpullAlertOfficer
· 12-09 18:06
Can TLT really break out to the upside this time, or do we still have to wait and see what Powell does...
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SatoshiNotNakamoto
· 12-09 17:59
As long as the support doesn't break, 101.56 is still possible, just worried the Fed will pull something unexpected again.
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The descending wedge setup is getting overused... Every time people say it's going to break out, but what actually happens?
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TLT is basically being controlled by interest rate policy right now. No matter how good the chart looks, it all depends on Powell.
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It's still interesting that the lows are getting higher, at least it's not continuing to crash.
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Hey man, how did you come up with this 101.56? Seems a bit high to me.
The 20-year Treasury Bond ETF is finding support near the trendline.
The target is to see the $101.56 level.
Recent interest rate hikes have indeed increased TLT’s volatility, but looking at the chart—the trendline support is still holding fairly well, and the lows are rising. The descending wedge is almost complete, and this pattern typically tends to break upwards.
From a technical perspective, higher lows have already formed, and the descending wedge is nearing completion. If the support holds, there could be room for a rebound next. Of course, all of this still depends on future interest rate policy decisions.