FIL/USDT Local trend. Wedge. Price squeeze. 30 06 2024

30 thg 6

Logarithm. Time frame 1 day.

🟣 Local trend. Part of the secondary trend, horizontal channel zone with a step of 372% external channel /180% internal channel, in which a descending wedge is formed. Now there is a local price squeeze, at the support zone of the inner channel.

Also superimposed is a slightly modified Gann fan, to understand the dynamic support/resistance zones during trend development and the time of reaching the price range. Percentages to key support/resistance levels are shown in cases of exit/non-exit from this zone are shown.


Line chart (without market noise).




🔵Main trend. Formation of a large pump bowl, price in the second phase, that is in a horizontal channel (accumulation zone).

FIL/USD Major trend. From a high of $237 -99% Published on 01/22/2023 (1.5 years ago).
All current. A set range has formed.
Follow the link and click play on the chart.

Any buying expensive / cheap in this range is acceptable from the position of not only the main, but also the secondary trend of price movement development. But, still set adequate targets from the position of the trend and time of development of the cycle. US.


Main trend (without market noise) of this American cryptocurrency for 06 2024

6 thg 9

Ghi chú

06 09 2024 Then a wedge is formed and volatility narrows to the channel support.
Everything is the same as written above, only the percentage is higher for ALGO, due to lower liquidity, as well as a larger capitulation zone (may not be), due to the same reason.

⚠️ Be extremely careful with the margin (#slippage and collection of fees #liquidity by exchanges), or only spot (more intelligent).

📈 The pump at the right time will most likely be more than +1000%. But, I would recommend dumping most of the position at the resistance of the pump channel 273%, and this is almost 4 X (there will be a significant rollback).