SUSHI/USDT Secondary trend. Horizontal channel 11 months = 108%

Updated

Logarithm. Secondary trend. Time frame 3 days.

Long-term horizontal channel (accumulation) with the step of 108%, currently 11 months long. The key “level” of the channel formation is 1.128 (last update, before the accumulation formation).

There were no stop loss withdrawals under this channel at the moment. The price is currently at the lower zone of this channel. Potential reversal zone. Working in the channel.

This is what it looks like on the line chart.

Main trend. Time frame 1 week.

Note

entered the liquid stop zone, which is logical, under the horizontal channel. -34% of support liquid zone to the level of 0.608. Squeeze to the marked level 0,485, from it and reversal.

Now the price is consolidating near the zone of 0.666 level, having formed an ascending, bullish local triangle. Its working out to the mirror resistance level of 0.916 is about +30%. Perhaps, it will not be broken the first time (a lot of passengers) and there will be a pullback. It is important that the volume is gaining further.

Note

The important thing is that further #volume is gained, which will be distributed at a large percentage of this accumulation of the first or second zone when the time comes (the general situation in the market "hamster is not scared", and when scared - time to gain volume, but be ready for all logical surprises.

Note

Local work in the second zone of accumulation of crypto wrapper.

Note

The price is further moving in the second zone of accumulation (conditional capitulation) in the local squeeze in the lower zone of the horizontal channel between the levels 0.556 and 0.628 (72 days, i.e. almost 2.5 months). The price is at the resistance of this zone. Probably in the near future there will be an exit from it.

Note

Primary trend -94% From the maximum pumping price of pampa 2021.
Secondary trend -74% (price drop 1 year). This downward channel.

Trade closed: target reached

+135% impulse-pump from the reversal zone to the zone of 1.28.

This is when faith is "killed" and the price falls into the surrender zone, i.e. under the support of the long-term accumulation channel. Pump is an impulse on a large % (buyout of the glass and liquidity of lower orders) that those who have killed faith and waited for "buy a little cheaper", did not have time and wrote the feeling of "lost profit".

Trade active

Protect profits and work with rollback

Note

pulled the price back up to the momentum high of 1,301 (+135%) A whole month holding the price after the release of... There may be a breakout of this resistance in the near future. #StopLoss will be short. Not worth it without it, even if there is a chance of a breakout, as it is not a good price relative to the local accumulation (+120% average)

Note, at the price lows after taking out the capitulation from the accumulation channel, there was an opinion about "the death of the project" in the chat. When there will be in social networks shouting buy... don't forget to get rid of the wrapper. But, who trades locally and possibly medium urgently remember about almost +140% Therefore, protect your profits.

Trade closed: target reached

+250% to 1.6 -1.9 zone of maximum sales. From it - reversal.

Note

11 06 2024

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SUSHI/USDT Secondary trend. Working in the channel.

by SpartaBTC

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