KINT/USDT 1D. Coin as an example. Clear price action.
Updated
KINTSUGI/USDT 1D. Secondary and main trend. Polkadot ecosystem coin.
Spectating this coin for quite a while.
Since the beginning of the year we saw quite an accumulation which lasted about a year.
It's marked as green rectangle on the chart.
In this accumulation there were 2 clear price movements(accumulation then pump).
Then, with the marked(as it's no longer logical to hold the price in the accumulation) - price fell out of this accumulation channel. Since then the falling wedge started to form.
Right now the price is moving inside this falling wedge and finding it's local bottom.
It's more logical to buy FROM the bottom, not TO the bottom. I believe it's clear.
Only when we see the bottom forming - it's more decent to buy rather then now, when the price only searching for it's bottom.
But we're also near the reversal zone, which is shown as blue rectangle on the chart.
Very likely price will reverse from this 0.26-0.3$ zone. Potential zones above and percentage amount from each potential reversal zone are shown on the chart.
It's better to see increasing in volatility before entering the deal. This factor allows to indicate the bottom is forming.
For the future we might see the same horizontal channel will be formed here. Hence it's possible to see couple pump cycles.
If we're speaking about time periods - it's about autumn the price should move, believe this is quite obvious.
Though it's possible to see couple moves in the potential channel - the most probable is the first move, so it's probably reasonable to work with it.
How do it it i believe i have described above.
Spectating this coin for quite a while.
Since the beginning of the year we saw quite an accumulation which lasted about a year.
It's marked as green rectangle on the chart.
In this accumulation there were 2 clear price movements(accumulation then pump).
Then, with the marked(as it's no longer logical to hold the price in the accumulation) - price fell out of this accumulation channel. Since then the falling wedge started to form.
Right now the price is moving inside this falling wedge and finding it's local bottom.
It's more logical to buy FROM the bottom, not TO the bottom. I believe it's clear.
Only when we see the bottom forming - it's more decent to buy rather then now, when the price only searching for it's bottom.
But we're also near the reversal zone, which is shown as blue rectangle on the chart.
Very likely price will reverse from this 0.26-0.3$ zone. Potential zones above and percentage amount from each potential reversal zone are shown on the chart.
It's better to see increasing in volatility before entering the deal. This factor allows to indicate the bottom is forming.
For the future we might see the same horizontal channel will be formed here. Hence it's possible to see couple pump cycles.
If we're speaking about time periods - it's about autumn the price should move, believe this is quite obvious.
Though it's possible to see couple moves in the potential channel - the most probable is the first move, so it's probably reasonable to work with it.
How do it it i believe i have described above.
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