XTZ/USD Main trend. Downward channel

Logarithm. Time frame 1 week. Main trend.

Idea for understanding the local work zone for traders in the main trend. It will also be useful for investors to understand the cheap/expensive zones for investing.


Linear price chart.

Secondary trend. Downward channel. Area to work. Time frame 3 days.

XTZ/USD Secondary trend. Downward channel.

Comment:

Local trading situation in the sideways zone. pivot zones.

news.

Tezos activates “Mumbai” update, providing more than a million transactions per second

BERN, Switzerland - Tezos , the pioneering blockchain for Proof-of-Stake consensus and network management, has activated Mumbai, its thirteenth major protocol update.

1️⃣After Tezos' latest update, Mumbai, allows anyone to deploy Smart Rollups, a new scaling solution.

2️⃣Smart Rollups allows the Tezos blockchain to scale at over one million transactions per second without sacrificing decentralization.

3️⃣Except developers can now create general-purpose programming languages, such as Rust, C and C++, based on Tezos.


Market phases and the psychology of majority behavior.

🟢Accumulation. All the things that really always happen quietly and without hype.
Important positive news on the development of the project happens unnoticed by the community (not said to be good).
Unimportant negative on the contrary, on the principle of "a fly on the elephant, even though there may not be a fly".

🟡 In the participation phase (trend development). moving up to the distribution zone. — Rumors. At the beginning of the trend they always give earnings, stimulating prematurely to get rid of the position before the main selling zone.

🔴Distribution. “Hype” appears when it's time to unload. The crowd buys, promising and "not so promising." An expensive purchase gives the illusion of acquiring something important, valuable...

Comment:

01 11 2023

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