XRP + XLM Local trend. Wedge + triangle (pennants).

8 Ogo 2023

Logarithm. Time frame 1 day. Local trend.

Two cryptocurrencies are shown at the same time, as it should be understood that it is one and the same. Pumps (exit from accumulation) similarly began almost simultaneously July 13 on day 273 (code). XRP a little earlier by a few hours. I think it will be something similar this time.

Pullbacks after pumping up about +100% on both assets (exiting the long term accumulation zone). The reversal zones as well as the percentages to local significant resistance levels in case of breakout are shown on the chart.

This is how it looks on the linear without squeezes (market noise), although it is not necessary for local work.



The ideas of secondary trends (accumulation) to understand this local zone attached to this idea.

18 Ogo 2023

Nota

Not breaking through the 0.695 zone. Breakthrough of support 0.6244. Decline in price by -32.7% to the meridian of the accumulation channel. Local interest to key local liquidity zones in this channel zone.

Toward the end of August (signaled through codes) there may be "news" and a strong dump from this zone (an order of magnitude higher than the last local pump +103%) This information as for me should be treated with skepticism. Just realize that it is there and this is what mega large market participants (who always sell in any trend, because any sale is super earnings, volatility, creating speculative and news interest) want to instill in just large market participants.

18 Ogo 2023

Nota

All of this channel and percentages to key areas.

18 Ogo 2023

Nota

looks like this on linear