XTZ/USDT Secondary trend. Channel. Wedge. Pivot zone. 11 2023

Logarithm. Secondary trend. Time frame 3 days. Horizontal accumulation channel. Formation of the wedge 9 months. Now there is a breakthrough of its resistance. The targets of the wedge and the channel are shown. Also medium-term targets at the exit from this horizontal channel. At the resistance of the accumulation channel be careful and protect the profit.

Now in the moment the price 0.777(21)


Speculation and Investing..

ICO 2017.
5000 XTZ = 1 BTC
After ICO = pamp 11 X (resetting positions).

After 6 years.
2023 5000 XTZ = 0.11 BTC (-9X)
2023 44,494 XTZ = 1 BTC

Altcoins are for speculation and making money on volatility,
not for long-term investment (hold).


Surrender Zone. Mani management.

Several times there was an entry under support to gather liquidity (stop loss). Later, there may well be a return to it (depending on how high the price will be at the reversal) in a relatively short time (final market capitulation) from the trend position (probability of no more than that, which should always be remembered).


Line chart for clarity.

Secondary trend with downward channel (all the decline from the highs + this accumulation zone).

XTZ/USD Secondary trend. Downward channel. Publication 01 2023

Primary trend (entire trading history).

XTZ/USD Primary Trend. Downtrend channel Publication 01 2023

Main Trend 01 11 2023 Price $0.777 now in momentum.

Comment:

Trade closed: target reached:

+37.17% the indicated percentage is exactly a squeeze of 0.96, from this value there is a local reversal.

Trade active

Trade closed: target reached:

Price is moving in a local uptrend (channel), approaching the 1.75 level (+63% from the reversal zone) at the moment. The key very important resistance for the medium term trend development is the red downtrend. To understand the essence see the main trend idea.

Trade active