EWT/USDT Secondary trend. Downward wedge zone. 4 11 2023

Logarithm. Downward wedge zone. Time frame 3 days.

A descending wedge is forming in the descending channel (the main trend). Almost in the final phase of its formation.
Decrease from the price minimum in the main trend -93%.
We are in the first zone of so-called capitulation.
This is not the maximum value for altcoins of such liquidity.

The range of the maximum capitulation zone is shown on the price chart, which is the range of the downward channel (main trend) of volatility.

Cryptocurrency in coinmarketcap: Energy Web Token.
From liquid exchanges traded on KuCoin, Kraken (USA), Gate.io.


Repeatability of fractal wedge logic (secondary trend) in the downward channel (primary trend).

Local resistance zones in the realization of the figure's goals after breaking through the resistance of the wedge (breaking the downward trend of price movement). Fractal projection on identical zones now.


Main trend (to understand the given zone of the wedge in it).

EWT/USDT Major trend. Channel -93% US Energy Sector 11 2023

Comment:

29 12 2023 nothing has changed during the month, the price is still in the local clamping zone 2,122-2,750. Now at the resistance.