LRC/USDT Main Trend 08/17/2024
Main trend (the most visible part). Logarithm. Time frame 1 week. Loopring is an open protocol for building decentralized exchanges.
The price is in the capitulation zone in a local descending wedge, after breaking the long-term horizontal channel. The percentages are shown from the key zones for clarity.
The chart also shows the dynamic support/resistance zones of the Gann fan (bullish and bearish).
It is worth noting that the price is at a significant profit of crypto funds 4-26X, but most of the volume has already been redistributed.
Linear for clarity of the trend.
Secondary trend
The price is in the capitulation zone in a local descending wedge, after breaking the long-term horizontal channel. The percentages are shown from the key zones for clarity.
The chart also shows the dynamic support/resistance zones of the Gann fan (bullish and bearish).
It is worth noting that the price is at a significant profit of crypto funds 4-26X, but most of the volume has already been redistributed.
Linear for clarity of the trend.
Secondary trend
Note
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