CLV/USDT 1D. Idea. Downtrend channel. Wedge. Channel.
Updated
This CLV/USDT 1D. Similar to VEGA in meaning of coins, but not in the chart.
Under meaning i understand that these both projects coming from coinlist.
On this coin CLV we see a big big downtrend channel forming. In this downtrend channel also a wedge forming.
Right now a big volume coming in token recently, but there were not movement yet.
Main trend - downtrend. Secondary - channel. Locally - wedge.
Earlier there were attempts to break this falling wedge, but as for now we got back into it.
Right now there's quite big horizontal channel began to form - shown on the chart.
As soon as we break out from this maintrend downtrend channel - a huge potential is opened to 0.11818$ zone.
POTENTIAL(!) price movement is shown. This is just a possibility - can work out any way.
Also the liquid accumulation zone is shown on the chart with blue rectangle.
Main point is to break the main downtrend channel, the resistance of which is shown with red.
After we manage that(breakout and retest) - a big potential is opened. very likely it will happen(pump) with the market tendency, not by itself.
Under meaning i understand that these both projects coming from coinlist.
On this coin CLV we see a big big downtrend channel forming. In this downtrend channel also a wedge forming.
Right now a big volume coming in token recently, but there were not movement yet.
Main trend - downtrend. Secondary - channel. Locally - wedge.
Earlier there were attempts to break this falling wedge, but as for now we got back into it.
Right now there's quite big horizontal channel began to form - shown on the chart.
As soon as we break out from this maintrend downtrend channel - a huge potential is opened to 0.11818$ zone.
POTENTIAL(!) price movement is shown. This is just a possibility - can work out any way.
Also the liquid accumulation zone is shown on the chart with blue rectangle.
Main point is to break the main downtrend channel, the resistance of which is shown with red.
After we manage that(breakout and retest) - a big potential is opened. very likely it will happen(pump) with the market tendency, not by itself.
Note
Broke above downtrend channel, which lasted more than 500 days. Retested it and now continuing its ascending. Notice, that the price has been forming this horizontal channel for more than 176 days as for now(somewhat about 6 months or 180 days), now the price is being moved to the resistance of this local accumulation channel(potential double bottom) from where there might be an impulse. Something similar as it was recently on #FARM.
Now the price is near the local resistance level of 0.043$, notice that the price is stepping up slowly, this is made to move the price as near as possible to the resistance level(this case the resistance of the middle-term horizontal channel) from where the marketmaker can make an impulse(again, similar as on #FARM). so it's probably worth to keep an eye on this coin.
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