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).
Trade closed: target reached
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+42% the first local target after the wedge breakout has been reached. Locally "helicopter".
Trade active
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Trade closed: target reached
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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.
Trade active
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Trade closed: target reached
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Price reached the last price of the horizontal channel +191% Local pullback from the channel resistance.