On the WAVES/ BTC chart, I showed the main trend of this trading pair. Term 1 week.
As you can see, the main trend of this Russian cryptocurrency known to the whole crypto-world is expressed downward.
This downtrend has formed a downtrend channel with an impressive step. Pumping from the channel bottom to resistance in secondary trends occurs at the level of 370 - 460%. In the last pumping we are now in a secondary trend. Also pleasing are the same impressive dumps, always about 90% of the pump height. This is a gold mine.
A trader's best friend is volatility . Its correct use can inflate your deposit to an indecent size.
A secondary trend is currently developing. A local descending wedge formed in it on the pullback from the resistance of the main trend line (red thick channel resistance line).
Local work with this form. Possible entry points.
I showed potential entry points from the development of market situations on the chart.
Always work with the trend. Pay attention to small details that most people don't see.
Always work with the trend. Trading against the trend is the same as falling under the locomotive and hoping that it bounces off you!
As you can see, the main trend of this Russian cryptocurrency known to the whole crypto-world is expressed downward.
This downtrend has formed a downtrend channel with an impressive step. Pumping from the channel bottom to resistance in secondary trends occurs at the level of 370 - 460%. In the last pumping we are now in a secondary trend. Also pleasing are the same impressive dumps, always about 90% of the pump height. This is a gold mine.
A trader's best friend is volatility . Its correct use can inflate your deposit to an indecent size.
A secondary trend is currently developing. A local descending wedge formed in it on the pullback from the resistance of the main trend line (red thick channel resistance line).
Local work with this form. Possible entry points.
I showed potential entry points from the development of market situations on the chart.
Always work with the trend. Pay attention to small details that most people don't see.
Always work with the trend. Trading against the trend is the same as falling under the locomotive and hoping that it bounces off you!
Note
Trade closed: target reached
Note
✅ 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.
✅ 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.