AUDIO/USDT Downward wedge in horizontal channel 10 2023

2023年10月22日

Arithmetic chart. Time frame 1 day. The descending wedge is a bullish formation on a bearish trend or accumulation zone (sideways). It was formed in a horizontal channel with a step of about +180%. Price has been moving along the support of this huge pump channel for 2 months.


Shown percentages (3 target zones), of two logical variants of trend development.

1) Trend break now. Breakout of the wedge resistance (downtrend) and work with the channel range.

2) Further formation of the wedge, entry under the channel support into the so-called capitulation zone and only after that the price growth.


Line chart.




Secondary trend. Distribution/accumulation zones (read the description and the interconnected idea of learning/working).

AUDIO/USDT Secondary trend. Channel 0.16. Correction -96%

2023年11月10日

交易結束：目標達成

+42% the first local target after the wedge breakout has been reached. Locally "helicopter".

2023年11月10日

交易進行

2023年12月29日

交易結束：目標達成

now in the moment about +100%. The price has almost reached the level of 0.3010, which is +113.31% from the reversal. Now the price is at the meridian zone of the horizontal accumulation channel.

2023年12月29日

交易進行

3月8日

交易結束：目標達成

Price reached the last price of the horizontal channel +191% Local pullback from the channel resistance.