AUDIO/USDT Downward wedge in horizontal channel 10 2023
Updated
Arithmetic chart. Time frame 1 day. The descending wedge is a bullish formation on a bearish trend or accumulation zone (sideways). It was formed in a horizontal channel with a step of about +180%. Price has been moving along the support of this huge pump channel for 2 months.
Shown percentages (3 target zones), of two logical variants of trend development.
1) Trend break now. Breakout of the wedge resistance (downtrend) and work with the channel range.
2) Further formation of the wedge, entry under the channel support into the so-called capitulation zone and only after that the price growth.
Line chart.
Secondary trend. Distribution/accumulation zones (read the description and the interconnected idea of learning/working).
AUDIO/USDT Secondary trend. Channel 0.16. Correction -96%
Shown percentages (3 target zones), of two logical variants of trend development.
1) Trend break now. Breakout of the wedge resistance (downtrend) and work with the channel range.
2) Further formation of the wedge, entry under the channel support into the so-called capitulation zone and only after that the price growth.
Line chart.
Secondary trend. Distribution/accumulation zones (read the description and the interconnected idea of learning/working).
AUDIO/USDT Secondary trend. Channel 0.16. Correction -96%
Trade closed: target reached
Trade active
Trade closed: target reached
Trade active
Trade closed: target reached
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