TWT/USDT Secondary trend. Wedge. Pivot Zone. 08 2023Logarithm. Time frame 3 days.
🟡Secondary trend. All this downtrend has formed a descending wedge in the secondary trend, which is conditionally a bullish formation. Important levels breakthrough and consolidation of which depends on the development of the trend is indicated by arrows. Also showed the percentages from the reversal zone, if we go in a bullish direction.
This is how this wedge looks like on a linear price chart.
🔴Local trend . It is worth noting that if the resistance at 0.9697 is not broken and there is an impulse by triggering a lot of stop-losses to long under the support at 0.8186, then the triangle may reformat into a double bottom with a flat top, provided that the zone of previous local lows is held.
Major trend . Time frame 1 week.
TWT/USD Main trend. Huge triangle 10 2022
Also on the chart in the main trend, the fractality of the pamp/dump of the so-called pamp zone can be seen.
This is how the main trend now looks on the linear price chart.
