Made deceitful movements. We have broken down the previous trend. The price has fixed above the line of the previous downtrend. They showed a trend reversal. Then the impulse raised the price by + 45% and began to draw a symmetrical triangle, which supposedly should have been a pennant, with the goal of + 45%. But note the volume at the price increase was not! In general, the trading volume is zero, this scam is not interesting to anyone except the creators themselves. Pulses of flags and pennants are always accompanied by a large volume in comparison with conventional trading.
A symmetrical triangle has been pierced down, now they will redraw it into the flag canvas (downward small channel). If in the fake flag canvas the support will not withstand the pressure of sellers, and the price will break this formation down. Then trade in a downtrend in a potential downtrend channel. I showed all pivot points on the chart.
It is also worth noting, given that there is no volume and this scam is not interesting to anyone, developers can draw anything, including bullish movements to attract people, due to poor liquidity and the lack of a large crowd presence. Here are two interesting potential entry points:
1) entry from the bottom of the potential downward channel upon confirmation of support, price zone 0.010-0.011 in the short term. Take the movement in the channel about + 30%.
2) the entrance is above the downtrend line (red line, the upper border of the downtrend) when the price has fixed above it. The price zone is 0.015 in the near future if there is a price return, or lower in the long term, the main thing is that the price fixes above the downtrend.
All potential targets and pivot points are shown on the chart.
A symmetrical triangle has been pierced down, now they will redraw it into the flag canvas (downward small channel). If in the fake flag canvas the support will not withstand the pressure of sellers, and the price will break this formation down. Then trade in a downtrend in a potential downtrend channel. I showed all pivot points on the chart.
It is also worth noting, given that there is no volume and this scam is not interesting to anyone, developers can draw anything, including bullish movements to attract people, due to poor liquidity and the lack of a large crowd presence. Here are two interesting potential entry points:
1) entry from the bottom of the potential downward channel upon confirmation of support, price zone 0.010-0.011 in the short term. Take the movement in the channel about + 30%.
2) the entrance is above the downtrend line (red line, the upper border of the downtrend) when the price has fixed above it. The price zone is 0.015 in the near future if there is a price return, or lower in the long term, the main thing is that the price fixes above the downtrend.
All potential targets and pivot points are shown on the chart.
Trade closed: target reached:
+22% within the canvas of the figure of a potential rising flag. I showed the area for observation.
Trade active
Trade closed: target reached:
After breaking the downtrend line, the price made + 130%, thereby closing all planned targets. Then the price was made slippage due to the low workload of the order book on the exchange and complete manipulation in connection with this price of + 1760% !!! I wrote about these possible actions in connection with the complete price manipulation.
Comment:
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