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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Disclaimer
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✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.