Young coin. It was created in July. Satoshi price, therefore it is easy to pump up and keep the price, a lot of coins. People are not afraid to buy cheap even on "X")) The coin was made only to earn real money temporarily, on those people who believe in legend and perspectives.
The legend of the project is a confidential computing network. Traded on the HUOBI exchange. After the pump, + 270% was added to the Binance exchange. The chart on the Binance exchange gives users the impression that the coin is new and has not yet been pumped. Therefore, they are not afraid to buy.
Now an important area for observation, the price is near the local downtrend (yellow line). If the price breaks it and fixes above it, the “Dragon” figure can work out at a local level. Potential from +25 to + 85%. That is, the length of the Dragon Tail. Pay attention to the uptrend line (yellow); in our case, it also acts as a support. Further price movement depends on the reaction of the price to this trend line.
Also, from the zone that I specially singled out, the figure "Head and shoulders" can be formed. But even in this case, you can snatch + 25%. But in any case, be careful.
Entrance when the price fixes above the local downtrend. All pivot points of prices and targets are shown on the chart.
Target are shown on the chart with various potential movements.
Stop loss Under key support levels during your entry into the market.
Comment
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A symmetrical triangle has formed in the downward channel . The price is clamped to the very corner of the formation. There will be a denouement soon. Symmetrical triangle figure of uncertainty. The full working out of the triangle is 38%. Perhaps it will stop the boundaries of the trend line of the downward channel
Comment
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Trade closed: target reached
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+ 85% for the specified target. Price fixing above the resistance of the divergent triangle and + 300%
Update on the trade pls? Has it broken upwards, but with no steam?
SpartaBTC
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@AApps, Until the price comes out with the zone I indicated for observation, there can be no talk of any broken traffic. Be patient! Do not enter the market ahead of time! Enter the market when there is a trend change!
@AApps, What to update? Price is pinched into the corner of trend lines.
SpartaBTC
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@AApps, The price is now in the observation zone that I showed on the chart, soon the denouement.
AApps
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@SpartaBTC, Given that it hasn't followed the path to the right wing to 196 sats, has the pattern already been invalidated? If so, shouldn't it break down to 104 sat area as pointed out in your chart?
SpartaBTC
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@AApps, I showed this scenario and the observation area.
SpartaBTC
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@AApps,
Now the price is at the “neck” line of the potential “head and shoulders” figure. (green level).
A breakthrough of it will mean the complete formation of the figure "head and shoulders".