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BADGER/USDT Secondary trend. The area of the narrowing wedge.

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Secondary trend. Logarithm. Time frame 1 day. Binance exchange.

Percentages are shown for orientation to the main resistance zones in case of a wedge breakthrough, i.e. a break (a downtrend).

Coin medium liquidity, closer to the low liquidity, and therefore there may be slippages (squeezes) on a significant percentage, understand it and use in your trading strategy. It's worth noting that this cryptocurrency, like all altcoins, follows the general market trend.


This is what it looks like on line chart (without squeezes).

snapshot

Main trend. Time frame 1 week.

BADGER/USDT Main trend. Downward wedge.https://tradingview.sweetlogin.com/chart/BADGERUSDT/bJZ2JB4n-BADGER-USDT-Main-trend-Downward-wedge/

BADGER/USDT Main trend. Downward wedge.
Note
snapshot Another local shot out of the retest zone after breaking the +50% wedge under the 4.871 resistance level. Pullback. From the reversal zone 2.07 +113%.
Note
snapshot Trading situation in secondary trend 6 months after pumping +113%. Downtrend channel. The price is stuck at the intersection of the meridian of the channel and the area of the level 2.073 for 81 days (time frame on the chart 3 days).

Zone of uncertainty, both long and short will be very short stop, but due to low liquidity (excessive volatility) can be taken out. It is possible to work from the average set/reset price or wait for the decoupling of this local trading situation. The percentages from this reversal zone (local levels) to key support/resistance zones are shown on the chart for orientation. The marker also conventionally shows the logic of price movement from these zones.
Note
snapshot is how this channel and the reversal zone with price clamping look on a line chart.
Note
snapshot All the main trend of this cryptocurrency exchange Binance
Trade closed: target reached
snapshot +60.18% from the reversal level of 1.931. A breakout of the resistance of the descending channel occurs locally.
Trade active
Trade closed: target reached
snapshot more than +100% trend break, exit from the accumulation zone. Pump with a stick. Reaching the level of 3,674. Protect profits.
Trade active
Trade closed: target reached
snapshot The second goal has been reached, the +184% zone level 4.871 The price at the very peak of the candle remains at this point in time. Protect your profits.
Trade active
snapshot 1 03 2024 after local pump +196% pullback to the level of 3,010. From it and reversal. Now the price is retesting the previous resistance. A formation like an ascending triangle is being formed. If the breakthrough - further formation of the pump-bowl. Key levels and percentages to them from the reversal zones on the chart.
SpartaBTC
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SpartaBTC
✅ 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
Also on:

Related publications

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.