Logarithm. 3-day time frame.
Main trend — ascending channel.
Secondary trend — horizontal channel.
Local trend — “microphone” pattern (a decline in an expanding cone toward the median of an ascending channel).
Very local — ascending channel toward the resistance of the microphone. In case of a breakout:
a) upward — a sloping pump cup toward the previous consolidation and slightly higher.
b) in case of a downward breakout — a descending pennant.
As always, all percentages from key reversal zones to key support/resistance zones are shown. Have a trading plan and manage your risks; don't exceed them. Be patient; the market doesn't owe you anything...
You can see this local reversal zone on the scale of the main trend of this banking-crypto asset in this previous idea by clicking the “play” button on the chart.
Main trend — ascending channel.
Secondary trend — horizontal channel.
Local trend — “microphone” pattern (a decline in an expanding cone toward the median of an ascending channel).
Very local — ascending channel toward the resistance of the microphone. In case of a breakout:
a) upward — a sloping pump cup toward the previous consolidation and slightly higher.
b) in case of a downward breakout — a descending pennant.
As always, all percentages from key reversal zones to key support/resistance zones are shown. Have a trading plan and manage your risks; don't exceed them. Be patient; the market doesn't owe you anything...
You can see this local reversal zone on the scale of the main trend of this banking-crypto asset in this previous idea by clicking the “play” button on the chart.
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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.
✅ Telegram. Finance + Trading: t.me/+ajtMAB9qbF82ZmJi
✅ Telegram. Сrypto trading only: t.me/+4Bux2Gd8Bo9hNTRi
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/+4Bux2Gd8Bo9hNTRi
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
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.