The chart shows the main trend (most of it) of this cryptocurrency. The timeframe is 1 week. Most people "trade" and do not understand the profit values of the price from the real set zones (not hamsters).
Also shown are the recruitment zones (horizontal channel) and partial reset zones (until the triangle decoupling) of previously gained positions of large market participants.
The last video explained this in detail and showed it on the example of this coin.
Even taking into account that this triangle (1.5 years) is a position reset. That doesn't mean that this formation must necessarily break down. But, this is something to keep in mind, especially the +3600%.
Volatility narrowing, that is, the end of triangle formation is a “doubt zone”—the “market fuel” (small and medium market participants) for the impulse is clamped down. That is, the decoupling of the triangle and the direction of further trend development.
The price is clamped into a triangle. A formation of this magnitude will only unravel due to future world shocks, especially financial ones. Who knows, maybe this time there will be no correlation at all, as the time of "coming out of the shadows" approaches.
Always trade within your working range (for example 1 day), always understand where the price is in the main trend. Based on this understanding, limit the risks, and make a decision about reducing (partial liquidation) or, on the contrary, about adding to the position.
Locally on the 1-day timeframe a wedge is formed on the decline. I've shown all the decoupling options for this trading situation in detail in this trading idea, as well as in the video. ETH/USDT Local trend. Channel. Wedge. Pivot zones.
Under idea fixed my previous trading as well as training/trading ideas where I accompanied the price in updates for quite a long period. Note the exact values and more. You can use the material in them as educational, based on reality.
Remember, the basis of trading is not guessing (that's what everyone wants to do), but your trading strategy and risk management based on your knowledge and experience.
Those who want to guess tend to lose money. Do not be such characters in the market, that is, its fuel. I wish all smart people a big profit, and wish all stupid people to wake up from the dream of stupidity.
Note
-40 % de descuento en la ruptura de la zona del cuello de la cabeza y los hombros 2333-1911. El precio se acerca a la zona de soporte del canal de distribución. Llegamos al nivel de 1444.
Un momento muy importante y muy peligroso tanto para el ether (cambio a una nueva minería, contratos inteligentes DAI stablecoin, hackers, intercambio), como para muchos tokens en su blockchain.
Note
Short work in the distribution zone. More than -50% Head and Shoulders. The price is currently below the distribution support level. This is a very bad sign. Sour kefir. The hope for kefir lovers is fixings above 1444. Those who work in short and hold a position somewhere there and put stops if you wish, of course.
Note
The time frame is 1 month. The graph is logarithmic. The main trend is almost entirely from May 2016 (the network was launched on July 30, 2015).
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