XCH Main trend. 05/08/2024
Updated
Logarithm. Time frame 1 week (no less is needed). One of the lagging cryptocurrencies. The reason is that the crowd was previously imprisoned thanks to PR by bloggers. Little by little, “faith is being killed.” It is worth paying attention to cryptocurrency, but without fanaticism, observing risk management.
🟡Secondary trend — the price is still in the range of the accumulation channel, just over 100% of the main set zone.
🟣Local trend—downward channel. There is a pullback from the channel resistance. Its reversal levels are indicated in yellow. It is also important to break through the resistance of the local downward channel.
📊Volatility range of trend development now — horizontal channel range levels + fan (partial reference).
📊After exiting the horizontal channel range (conditional set) — the main focus is on dynamic fan support and resistance zones + partially resistance levels.
This is what it looks like on linear.
🟡Secondary trend — the price is still in the range of the accumulation channel, just over 100% of the main set zone.
🟣Local trend—downward channel. There is a pullback from the channel resistance. Its reversal levels are indicated in yellow. It is also important to break through the resistance of the local downward channel.
📊Volatility range of trend development now — horizontal channel range levels + fan (partial reference).
📊After exiting the horizontal channel range (conditional set) — the main focus is on dynamic fan support and resistance zones + partially resistance levels.
This is what it looks like on linear.
Comment
Local work is now near the reversal zone and percentages to support/resistance levels in cases of breakthrough/non-breakout of them.Also shown are the key time zones for the cryptocurrency market as a whole
Comment
17 08 2024 Comment
If not a complete scam, then a local repetition, only with greater force.
⏰📉-99.5% good Russian bloggers put in hold)
If you are scared, then everyone is scared)))
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