Previous idea +70%. Pretty simple and predictable tool for trading. The price has depreciated by 99%. The main trend is downward, the price has formed a channel width of 50% for over a year. From May to September the price was in the upward secondary trend and reached the boundary of the channel, where on 16.08 there was the culmination of purchases. Then we see a break-down of the lower boundary of the uptrend channel. At present, the price has reached the lower boundary of the channel, a falling wedge has been formed locally and the figure may become a reversal. Is it possible to go below the channel boundary - yes, but at the moment the instrument is against the market.
Possible trading styles: from the lower border of the channel, to a wedge breakout, to a breakout of the upper border of the channel.
Possible trading styles: from the lower border of the channel, to a wedge breakout, to a breakout of the upper border of the channel.
Comment:
+80% from entry point
