Main trend. Time frame 1 week. There is no sense in less. The super dump is about +5000%, similarly the super dump is -96.69% from the peak at the moment. A big wedge is forming, the price is near the reversal zone. The target, which with a high probability will be reached urgently, is shown on the chart in case of a breakthrough of the dynamic resistance (downward trend) of the wedge - descending channel.
Marketing program "buy promising" on pampa +2500%
Notice where the super marketing PR was launched about “blockchain sneakers” for true ..... At +2500% price values (pamp stick). Then a little consolidation (sales of “promising” ... so that each “hamster” was in the future fabulously rich) then the last shot +88% (so that hamsters were happy about a successful investment) and naturally super depreciation of unnecessary phantom -96%
Expensive and cheap. Trading and investment. Psychology.
-96.69% Wanting to buy “blockchain sneakers” to make money or something there...?? The former "investors in nothing" will probably get sick from such an offer. Maybe it's a bad idea. Maybe it's time to buy a little, because before the desired and very expensive crypto hype (sales of creators and funds - investors) crypto garbage will be dozens of times more. The main thing is to hold a little and do not forget to get rid of it, so that you can repeat the “investment” again for a longer period of time.... and then already get a super profit. Maybe it's time?)
This is what the trend of this cryptocurrency looks like on a line chart..
Comment
⋅
Breakout of the downward channel resistance. Globally, this is a break in the downward trend since 04/2022, that is, a price drop of -96.69%
Trade closed: target reached
⋅
weekly time frame for a clearer display. After the breakout of the descending wedge (all the price drop), an ascending pennant is realized. Now the realization of its second component is underway, at the moment about +85%.
I enjoyed your analysis. That had some good points.thank you
WHITE_LADY
⋅
Any updates on this?
Babenski
⋅
Well done
Mia1990
⋅
Trade active for which target? Is amount of price correction normal for today?
SpartaBTC
⋅
@Mia1990, The price approached the level zone of 0.3961 (about +80%) and local plum. Now it is held in this level zone. At resumption of upward movement locally can reach the zone of 0.5 and maximum 0.63.
SpartaBTC
⋅
@Mia1990, Always on such movements, if you trade locally, you should protect your profit or partially fix it.
If it is a long-term trade, you should not pay attention to it.
Mia1990
⋅
@SpartaBTC Thank you so much for your good explanation🙏