ETH/USD Secondary trend (part). Reversal zones. Channel. 9 06

Secondary direction (part). Terms 3 days. logarithmic graph. Reversal zones. Channel in 96% increments

The price squeeze zone for about 1 month in a narrow range of 14% under the resistance of the horizontal channel (+60% of the trend reversal) in the local ascending channel after a false breakdown of resistance on April 18. Decoupling in the near future (relevant for traders working medium-term and locally).

The chart shows price reversal zones, the reaction of which determines the further medium-term development of the trend. Also, for clarity, percentages of key resistance/support levels from price reversal zones are shown.


Line chart. Time frame 3 days.

Scare and save, this is the essence of earning wolves and losing funds to illusoryly frightened and then rescued sheep.


Main trend. Time frame 1 month.

ETH/USD Main Trend Pamp/Dump Cycles. Accumulation/distribution.

A healthy balance of risk management is the basis for increasing a trader's cash deposit.
In trading, you can't always be right... It's unnecessary and impossible.
But when you're wrong, you shouldn't lose too much money...
When you are right, the gain should be much greater than the loss if you miscalculate.
Profit to loss must be at least 3 : 1.

Comment:

This is how it looks on the 1-day time frame, the zone of price clamping and the zone of its reversal.

Comment:

A very important point for the development of the trend ETH

Trade closed: target reached:

reaching from the reversal zone of 1713.1 the level of 1500 zone -12.12% and from it the trend reversal