FET/BTC Price at the bottom of the channel Wedge The first 45%
Updated
FET after breaking through the accumulation channel and pump by + 50%, the price was driven back into the old accumulation channel.
Now the price is almost at the bottom of the previous horizontal channel.
The downtrend has formed a downward wedge at the local level.
Former trading ideas on this coin which worked with sniper accuracy in goals and in time. Profit + 53%.
FET channel in 52% increments Price at the upper border of the channel Entry points. November 17, 2019
ENTRANCE and TARGET
1) On a breakthrough or rollback after a breakthrough of the resistance of the downward wedge. (after the breakthrough, lateral movement may begin). Wedge target + local channel width.
2) Entrance at the bottom of the existing channel with confirmation of support. The goal is the width of the channel + if the price succeeds in breaking through the resistance of the channel, the goal is the width of the next channel.
3) On a breakthrough or pullback after a breakthrough of the channel resistance (above the violet zone). The goal is the width of the new channel +.
Stop loss
Under key support levels during your entry into the market.
Now the price is almost at the bottom of the previous horizontal channel.
The downtrend has formed a downward wedge at the local level.
Former trading ideas on this coin which worked with sniper accuracy in goals and in time. Profit + 53%.
FET channel in 52% increments Price at the upper border of the channel Entry points. November 17, 2019
ENTRANCE and TARGET
1) On a breakthrough or rollback after a breakthrough of the resistance of the downward wedge. (after the breakthrough, lateral movement may begin). Wedge target + local channel width.
2) Entrance at the bottom of the existing channel with confirmation of support. The goal is the width of the channel + if the price succeeds in breaking through the resistance of the channel, the goal is the width of the next channel.
3) On a breakthrough or pullback after a breakthrough of the channel resistance (above the violet zone). The goal is the width of the new channel +.
Stop loss
Under key support levels during your entry into the market.
Trade active
1 target taken. + 16% There is a wedge breakdown.
All goals are on the chart.
Trade closed: target reached
Target taken + 33% (to channel resistance, purple region)
Note
Further work on the coin.
Support for horizontal channel is broken. Price fixed under it.
A large downward wedge forms.
Entrance on a breakthrough or pullback after a breakthrough of the resistance line of the downward wedge
Trade closed: target reached
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