EOS/USDT Local trend 15 07 2023

Logarithm. Time frame is 3 days. Near the zone of historical lows. Asset accumulation zone.


This idea, is an update of a previous local work idea (11 local work updates (the entire zone of this accumulation.)

EOS/USD Local work. Reversal zone. % Published one year ago on 29 07 2022

Local reversal zone.
Important mirror resistance level (former support) marked in yellow color. Percentages from the reversal zone to key local support/resistance levels are shown for clarity and general picture.


Local trend Time frame 3 days. Linear for clarity.

Major trend. Time frame 1 month (published 29 07 2022) All up to date.

EOS/USD Main trend. Channel

Secondary trend. Time frame 3 days (published on 07/29/2022) All up to date.

EOS/USD Secondary trend.

The basis of trading is logic, mathematics and psychology, if even simpler, a trading strategy built on the ratio of risk management, that is, discipline and logic, which is a reflection of human personality (psychology of behavior).

Everything is much simpler... After all, in 95% of cases it is known in advance where the price will go with a high probability... but most people do not see it, or rather do not accept it, because they want to see what is profitable for them... and not what is actually there.

Comment:

Do not catch the lows and highs of the trend. Work logically, like big market participants: “I never know the exact future, but there is a more likely or less likely scenario, and I stick to them. I am ready for any local outcome of events, even less likely. I'm not interested in crypto news and majority opinion."

Comment:

price has reached the support zone 0.503 (historical lows of 2017). There is a possibility of a reversal. Keep an eye on the overall market situation over the next few days.

Trade closed: target reached:

about +60% c reversal zone. Price growth in the local ascending channel. The price has reached the dynamic resistance of the zone 0.82-0.93. It is now consolidating in this zone.

Remember, there is a huge wedge in the primary trend, this local price growth is a breakthrough of its resistance and breaking of the secondary trend. This cryptocurrency in comparison with other alts at the moment, as well as XTZ is noticeably lagging behind.... Potential tools for entry after making super profits on other alts, which significantly "overtake" the general trend of the market.

Comment:

Trade active:

that no one is already interested in cryptocurrency is ready for a local jump (continuation of trend development after the wedge break) and renew interest and lost profits).

The price is at the key resistance at 0.906, breaking it and consolidation triggers a local bounce.