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SpartaBTC
Sep 11, 2023 1:57 PM

XVS/USDT Secondary trend September 9, 2023 Long

XVS / TetherUSBinance

Description

Logarithm. Time frame 3 days. Horizontal channel with a large step of 16.3 months.


Line chart of the zone for clarity.




Primary trend. Time frame 1 week.


Trade closed: target reached

price has reached the resistance zone of 16.58, which is more than +300% from the reversal of almost vertical pumping. Price is currently above the accumulation channel resistance, but the local profit is huge. Protect profits.

Trade active

Local zone of price clamping 10.21-13.27 for a long time, thus forming a "canvas" over the resistance of the accumulation channel. Percentage from the breakthrough of this zone depending on the rationality of price movement under the market trend showed on the chart.

Comment

Comments
ATradeSniper
nice chart
SpartaBTC
@ATradeSniper, Thank you
AMIT-RAJAN
Perfect ! Noted
Thank you so much for sharing multiple time frame analysis.
SpartaBTC
@AMIT-RAJAN, I am always happy to share my market knowledge with traders.
KABHI_FOREX_TRADING
Good work
Solldy
It's a good idea, but we still have to wait for confirmation, so we shouldn't go in now.
SpartaBTC
@Solldy, Yes, it is true
pejman_zwin
This is the best.🔮
melikatrader94
wonderful
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