By the way, the coin is now relevant for trade. Future possible movements are shown on the chart.
I want to show how to trade in horizontal channels regardless of the trend. You can always be in position and always in profit, regardless of where the price goes. Naturally it is better to help the price go where it needs and use the market condition in general and the activity of the developers.
And no matter what the theory of the waves Eliot should be. Although it is possible to play along for those who believe in it ... This is not taught in smart books. Quite the contrary ... In the books, the crowd disciplines to do the same actions and mistakes.
There are two options for trading in the horizontal channel:
1) create a channel yourself with pending orders and direct the movement with orders and spam with purchases - with sales to where it is necessary. You also need to control everything on all exchanges where it is traded, at least on the large ones. Small exchanges to set the movement.
2) a simpler and safer way, including more profitable, is to copy the work of the one who controls the price in the channel. To do this, do not need any large depot or skill ..... The main thing is not to interfere ...
Moreover, in the second variant, you can safely take movement in the entire channel range from loy to haya. Hamster's cherished dream to buy on bottoms and sell at the peak. I note that with this type of trade this is feasible. Stop (in case of breaking the channel) is very clear where to put. Here is an example of this coin. Stop -5% and potential take + 60% And in a short time repeatedly.
In the first channel, the profit was about + 200% with an external channel step of 61%.
In the second, while much more + 200% (due to the furious in the internal channel), the same step of the external channel is 61%.
Within the price range (when it goes flat). From below we define support, from above - a zone of resistance, and from these boundaries we make deals. Below - we buy, above - we sell.
When a trend changes to an upward or downward trend, act accordingly. You can punch up or down according to the situation.
In order to have more deals inside the channel, you need to divide the channel into 2 parts. So say the external channel and internal. So you will have more deals and a correspondingly large profit. A compound percentage does wonders.
I showed all the logic of building channels on the chart.
In most cases, the movement from the channel occurs on the size of the channel. Why is that? That, just so convenient and understandable. You just need to be attached to something. In practice, this may look like I showed on the chart. But sometimes there are force majeure situations. No one knows the future, even the one who controls the price.
The future is known only to hamsters and specialists from telegrams of channels with $ 100 in their pocket.
Always work according to plan, but from the current situation.
Similarly, this type of trading is applicable to the uplink and downlink channels. Also to various combo channels with mirror levels. But everything is complicated there. And why look for something that is difficult if there is a simpler option. After all, the goal of most people is to make money, and not to engage in art on the stock exchange and drive themselves into a minus and waste your time. Money is a renewable resource , but time is not renewable, therefore it is not priceless.
Thank God there is a choice with more than 2000 thousand instruments for trade. All the same, only the legend and the name of others. Everything is built only on the faith of people. The real price of crypto candy wrappers is ZERO.