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ALGO/USDT Local trend. Wedge breakout zone. 5 11 2023

已更新

Logarithm. Time frame 1 day

Main trend. Accumulation/distribution zones. Time frame 1 week.

ALGO/USDT Main trend. Cycles. 07 2023

Secondary trend. All price drops from 2-year highs.

ALGO/USDT Secondary trend. Wedge - trend.

ALGO/USDT Secondary trend. Wedge is a trend. 11 2023

This local wedge breakout zone on the line chart.

注释

trading situation for 20 11 2023. Important local resistance level (clamp) 0.1516. Its breakthrough is an impulse and continuation of the trend development. We removed long stops after the exit from the sideways "as the book writes" -12% when the price fixes above the previous resistance of the accumulation zone.

注释

+15.24% at the moment from the breakthrough of resistance 0.1516 (realization of the rising flag) From the reversal (0.1203 -123 probably in Twitter often seen in "insiders", but there is more "on the ears") and exit from the sideways +44.46%

交易结束：到达目标

first target level reached 0.2144, which is +120% from the breakout (0.1 level is marked in green). This is not the end of the game, but quite strong resistance.

交易开始

交易结束：到达目标

first medium-term target closed to the $0.25 level +150%

交易开始

注释

after the reversal, there is such fractality in trend development, only on a smaller scale (time is different).

交易结束：到达目标

Reaching 03/13/2024 level 0.3086 and reversing from there. Today 03/19/2024 Local work and its key reversal zones, as well as percentages of them, are shown.