Local trend. Logarithmic graph. Time frame 1 day. Reversal zone. Percentage of key zones.
Mirrored resistance zones are shown in grey. There may be a significant rollback from them, or at least a stop and consolidation in these zones. Trend lines (price movement directions) are shown on the chart, their importance and strength (long-term in time) are highlighted in the appropriate color.
From the highs of this secondary trend, the price fell by exactly -93% to the level of 0.93. At the moment, the price is entering the first resistance zone, which, in case of fixing in it, can become a "launching pad for a strong impulse (mirror structure).
Next ideas for zooming in to understand what zone the price is in.
Secondary trend
Main trend
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From the Pivot Zone +40% to the first target, the level of 1.9121. Now back to the reversal zone. An expanding triangle is formed. Key reversal levels and targets from them on the chart. Time frame 3 days. In September, this coin has an important update.
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Work in the channel 105%. The sideways area after pumping +105% of accumulation/clamping (in green).
After publication of the idea: Rollback from the first wave and reversal on 4 08, Pumping peaks on 23 08 and 11 09 and reversal to dump from 1.9121 = 911/21.
Price has now reached the 0.93 level zone. From the average sideways price -23%. A local wedge is formed, which can act as the right side of the big double bottom with the base of 100%, i.e. the width of the channel.
It is worth noting that stops are concentrated under this support. The percentages of the key reversal zones (liquid zones) are shown on the chart.
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This is how this secondary trend zone looks on the line chart.
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There is a breakdown of the wedge resistance (the right side of the double bottom).
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Price in the lower channel zone. Conditional double bottom.
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This is how this zone looks like on a line chart. There is a clear fractal similarity. It is worth noting that there is no significant trading volume compared to other altcoins.
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Price is still in a horizontal channel of 317 days with increments of 120%. The price is $1.1813 at the moment.
EOS Network Ventures gives $20 million to create Dapps and games on EOS blockchain
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Pay attention to this cryptocurrency. Showed local price movements from this zone of the horizontal channel. Remember, any price in the accumulation zone is acceptable. Before a local decline, the purchase seems expensive, but after a while in the distribution zone it seems very successful and cheap.
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Local reversal zone. Important mirror resistance level (former support) marked in yellow color. Percentages from the reversal zone to key local support/resistance levels are shown for clarity and general picture.