Long

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.

Note

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

Note

17 08 2024

Note

👀🕯 Now many alts have similar TA formations. Buy in parts or on a breakthrough (trend break). They can make another "stake" (I wrote in the chat, I will not repeat).

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)))

Note

17 11 2024

Price in the capitulation zone, in the set channel. Everything is as before, nothing new.

Juggle such candy wrappers with those overtaking the market at the moment in the laggards, without regret. The fattest percentages of profit are at the very beginning of the movement.

Compound interest does wonders with your deposit, provided that you observe risk and money management (this does not mean setting an anti-logical stop loss in the capitulation zone, "as the book says") and do not use margin leverage at all, or leverage is moderate and adequate.

Note

23 11 2024

impulse - pump from the capitulation zone (buyout to attract attention) more than +140% (according to the asset liquidity) from the capitulation zone to break the sloping downward fan and the "level" of resistance of the capitulation zone 18.130. Rollback. Reaching the median of the previous long-term horizontal channel 38.580. Rollback. Everything is like everywhere in identical situations. How to act rationally and tactically in a similar way has been said many times before.

SpartaBTC

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XCH /USDT (Chia) Main trend. Horizontal channel 11.6 months

by SpartaBTC

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