NEARly all crypto charts look like this right now

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I just looked at easily 50+ charts that all look pretty much identical to this chart. There is a good chance whatever one does, the others will follow mostly. If there is a break out, there should be systematically, dozens of breakouts that can be jumped on, all happening at varying times within a short time frame. Similarly, could be a pretty big broad market pull back where we should be hunting support lines to buy the dip. Here is general analysis on the chart.

Structure and Price Action:

• Rising Wedge Breakdown:
  
• The chart shows a clear rising wedge pattern that has broken down decisively. Rising wedges are bearish patterns, and this confirms further downside potential.
  
• Downward Red Trendline:
  
• A clear descending resistance line has now formed, rejecting price attempts to climb higher.
  
• The recent price action shows consistent lower highs, reinforcing bearish momentum.
  
• Consolidation Zone:
  
• Price is currently consolidating near the $6.8 level, where it is testing both horizontal and diagonal support zones.
  

Support and Resistance:

• Immediate Resistance: $6.9–7.0 (aligned with the descending red trendline and EMA resistance).
  
• Key Support Levels:
  
• $6.5: Current short-term support.
  
• Below $6.5: Next support around $6.0 and $5.5, where historical levels exist.
  

Indicators:

Moving Averages (EMA 20/50/100/200):

• Price is below the EMA 20 and EMA 50, which confirms short-term bearish sentiment.
  
• The EMA 100 and 200 are flattening around $6.9–7.0 and acting as strong resistance.
  
  Money Flow Index (MFI):
  
• 49.24 indicates neutral momentum, suggesting there’s room for a move either up or down, depending on breakout direction.
  
  Stochastic RSI:
  
• The Stoch RSI has just crossed upward from oversold territory, indicating a possible short-term bounce but not yet a reversal signal.
  
• If price fails to reclaim higher levels, this could be a false signal.
  
  Volume:
  
• The volume during the most recent downward move remains relatively high, confirming bearish pressure.
  
• Current low volume during the consolidation suggests indecision and potential for a breakout.
  
• Pattern Analysis:
  
• The combination of the rising wedge breakdown and the descending trendline suggests that bearish pressure is dominant.
  
• Current price action resembles a bearish pennant or continuation pattern within the broader downtrend.
  

Probabilistic Outlook:
Bearish Continuation (Primary Scenario):
*If price fails to reclaim $6.9–7.0 and breaks below $6.5, further downside is likely.
Key downside targets:

• First Target: $6.0
  
• Second Target: $5.5–5.3
  
• Short-term Bounce (Less Probable):
  

If Stochastic RSI momentum and MFI push price above the descending trendline (~$7.0), a short-term recovery may occur.

Key upside targets:

• First Resistance: $7.0–7.2
  
• Second Resistance: $7.5
  

Key Signals to Watch:

• A breakdown below $6.5 = Bearish confirmation.
  
• A breakout above the descending red trendline (~$6.9–7.0) = Short-term bullish reversal.
  
• Volume will confirm the breakout or breakdown direction.
  

Conclusion:

The chart remains bearish overall, with a high probability (~65–70%) of further downside unless price breaks the descending trendline with conviction.