AUDIO/USDT Downward wedge in horizontal channel 10 2023

Oct 22, 2023

Arithmetic chart. Time frame 1 day. The descending wedge is a bullish formation on a bearish trend or accumulation zone (sideways). It was formed in a horizontal channel with a step of about +180%. Price has been moving along the support of this huge pump channel for 2 months.


Shown percentages (3 target zones), of two logical variants of trend development.

1) Trend break now. Breakout of the wedge resistance (downtrend) and work with the channel range.

2) Further formation of the wedge, entry under the channel support into the so-called capitulation zone and only after that the price growth.


Line chart.




Secondary trend. Distribution/accumulation zones (read the description and the interconnected idea of learning/working).

AUDIO/USDT Secondary trend. Channel 0.16. Correction -96%

Nov 10, 2023

Trade closed: target reached

+42% the first local target after the wedge breakout has been reached. Locally "helicopter".

Nov 10, 2023

Trade active

Dec 29, 2023

Trade closed: target reached

now in the moment about +100%. The price has almost reached the level of 0.3010, which is +113.31% from the reversal. Now the price is at the meridian zone of the horizontal accumulation channel.

Dec 29, 2023

Trade active

Mar 8, 2024

Trade closed: target reached

Price reached the last price of the horizontal channel +191% Local pullback from the channel resistance.