XVS/USDT Secondary trend September 9, 2023

Logarithm. Time frame 3 days. Horizontal channel with a large step of 16.3 months.


Line chart of the zone for clarity.

Primary trend. Time frame 1 week.

XVS/USDT Main trend. 11 September 23

Trade closed: target reached:

price has reached the resistance zone of 16.58, which is more than +300% from the reversal of almost vertical pumping. Price is currently above the accumulation channel resistance, but the local profit is huge. Protect profits.

Trade active:

Local zone of price clamping 10.21-13.27 for a long time, thus forming a "canvas" over the resistance of the accumulation channel. Percentage from the breakthrough of this zone depending on the rationality of price movement under the market trend showed on the chart.

Comment: