The timeframe on the price chart is 1 week. On a large scale, the price has formed a falling wedge. The price is at the resistance of this formation (the resistance of the secondary downtrend). A breakout of this resistance would mean the final reversal of the trend and the fall of the “non-ecological” opposite. It is also necessary to understand that the price before important events can move along the breakout zone of this trend.
The chart shows important local support / resistance levels and trend levels, on which the further development of the price movement will depend. Today is 04.21.2021.
Updates to previous works for this trading pair.
The entry point was set at the minimum price values of the trend immediately before its reversal. Term 1 day.
The beginning of the emergence of this trend before the impulse
Result + 286% to the resistance zone of the downtrend.
The chart shows important local support / resistance levels and trend levels, on which the further development of the price movement will depend. Today is 04.21.2021.
Updates to previous works for this trading pair.
The entry point was set at the minimum price values of the trend immediately before its reversal. Term 1 day.
The beginning of the emergence of this trend before the impulse
Result + 286% to the resistance zone of the downtrend.
Comment:
+35%
Comment:
After the breakout of the resistance of the large wedge (downtrend main trend), a 40% channel was formed above the resistance zone
At the moment, the price is in its lower part at the intersection of the main downtrend and the support of the local horizontal channel. The potential of the local channel is about 40%. A breakout of the level 31 zone (local channel resistance) and behind it the level zone (false breakout) 381 will give the potential for working out the rising flag formation with a flagpole of exactly 200%. This is on condition that there will be no "sabotage". If there are FUD tales, then trading in this channel zone, or along the line of the main trend (contact).
At the moment, the price is in its lower part at the intersection of the main downtrend and the support of the local horizontal channel. The potential of the local channel is about 40%. A breakout of the level 31 zone (local channel resistance) and behind it the level zone (false breakout) 381 will give the potential for working out the rising flag formation with a flagpole of exactly 200%. This is on condition that there will be no "sabotage". If there are FUD tales, then trading in this channel zone, or along the line of the main trend (contact).
Comment:
Since the last update, I have not traded and updated this pair. I trade against the dollar.
After rising by 30% during the retest, the price broke through the support of this local horizontal channel. A downward channel has formed. The price is now at the intersection of the downtrend main trend and the resistance of the downtrend channel. The price is squeezed into a corner. Soon the denouement.
After rising by 30% during the retest, the price broke through the support of this local horizontal channel. A downward channel has formed. The price is now at the intersection of the downtrend main trend and the resistance of the downtrend channel. The price is squeezed into a corner. Soon the denouement.
Comment:
about +50% since last update (accumulation zone). I haven't updated this pair before as I don't trade it. A large triangle is forming above the downtrend line, the price is gradually clamped into the corner of the formation. Working with a breakout of secondary trend resistance.
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