EWT/USDT Secondary trend. Downward wedge zone. 4 11 2023

2023年11月4日

Logarithm. Downward wedge zone. Time frame 3 days.

A descending wedge is forming in the descending channel (the main trend). Almost in the final phase of its formation.
Decrease from the price minimum in the main trend -93%.
We are in the first zone of so-called capitulation.
This is not the maximum value for altcoins of such liquidity.

The range of the maximum capitulation zone is shown on the price chart, which is the range of the downward channel (main trend) of volatility.

Cryptocurrency in coinmarketcap: Energy Web Token.
From liquid exchanges traded on KuCoin, Kraken (USA), Gate.io.


Repeatability of fractal wedge logic (secondary trend) in the downward channel (primary trend).



Local resistance zones in the realization of the figure's goals after breaking through the resistance of the wedge (breaking the downward trend of price movement). Fractal projection on identical zones now.


Main trend (to understand the given zone of the wedge in it).

EWT/USDT Major trend. Channel -93% US Energy Sector 11 2023

2023年12月29日

ノート

29 12 2023 nothing has changed during the month, the price is still in the local clamping zone 2,122-2,750. Now at the resistance.

5月16日

トレード終了: 利益確定目標に到達

With the 3rd local wave in the trend, the price has reached the dynamic resistance of the descending channel of the zone of levels 2,970-3,553.

Note how earlier took out hard stops and by what %, on both sides of the set zone, thus gathering all liquidity (coins). The percentages are identical to 44.06, as I previously showed in the idea, but from a different zone in this posting). Note that there is nothing on the linear (movement in the liquid zone).

Key momentum now for trend formation. The break of the descending channel (the main trend) and the final exit, or as before, a pullback into the channel canvas. It is rational to exit and pump significantly, as a coin unlike others, for a long time “without interest”. Although everything is "under the market".

5月16日

トレード稼働中

9月15日

ノート

15 09 2024 From the resistance of the descending channel on the trigger date 17 05 2024, a reversal. Now the price is again in the capitulation zone below historical lows.
Similarly, as before, a descending wedge is formed in the channel. Now the price is clamped in a local rectangle.

A breakthrough of its support is a continuation of the formation of a wedge in the capitulation zone.
A breakthrough of its resistance is a local movement to the resistance of the channel, and there a reversal is already possible through consolidation.

Any purchase of an asset in this designated zone is acceptable from the position of a secondary (conditionally) and main trend (excess profit). This is the zone of cycle price minimums, as with most altcoins. We are in the capitulation zone, that is, extreme negativity and pessimism, that is, in the zone where you need to gain positions, not be greedy, and not listen to the opinion of the majority, which is extremely skeptical before the second alt season (all in the cycle for sure 3, 4 are in question, one has already been).

Completely ignore the news background "scare and save".

Do not waste time looking for something "new" on the price chart in the "market noise". You will not see anything new, and if you see and change your decisions, this will usually be a mistake caused by "someone else's opinion" or "news background".

Reversal and capitulation zones. Due to low liquidity (slippage at the moment by a large %), capitulation zones are conditional on such assets. It is advisable to place limit orders for purchase in advance. The set should always go in parts, distributed in advance, one part can be for a breakout stop, but remember about liquidity.

You shouldn't play with margin on such assets, otherwise they will "shave" due to slippage on "flat ground", and "nobody is to blame".