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ALGO/USDT Main trend. Cycles. 07 2023

Oleh SpartaBTC
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Logarithm. Time frame 1 week. Main trend.

Linear for clarity..

syot kilat

Previous closed learning/work idea on this asset. Published 09 2022

ALGO/USD Major trend. Accumulation/distribution
ALGO/USD Основной тренд. Накопление/распределение.



Local trend and this reversal zone is shown in the main trend now.

syot kilat

Price recovery from the recent squeeze. Consolidation and formation of triangle formation. High probability of reversal. First local targets shown.
Nota
syot kilat Locally now. Recovery of the price after the recent compression. Consolidation and triangle formation.

High probability of reversal 🟢. First local targets are shown.

🔴 If stops on BTC are placed under the trend line and the whole market is falling locally - the triangle is broken down, the price first falls to the previous low, then (probability) to the lower zone of the descending channel.
Nota
ALGO/USDT Secondary trend. Wedge is a trend. 11 2023
Nota
ALGO/USDT Local trend. Wedge breakout zone. 5 11 2023
Nota
syot kilat after the reversal, there is such fractality in trend development, only on a smaller scale (time is different).
algoalgorandalgousdALGOUSDTCryptocurrencycryptotradingEconomic CyclesSupport and ResistanceTrend Analysis
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