A triangle has formed in the secondary trend. Volatility decreases, the price is clamped. Potential reversal zone. At the moment now the price is $ 5.19
After the triangle break down and the squeeze reached the 2.44 level. The price has been squeezed between the levels of 3-3.55 in a horizontal channel with 18% step for about 1 month. Since the local channel has existed for a long time and it does not have a large % step, there is a probability of exit from it in the near future.
Commento
Further after the triangle break down, a downtrend develops, forming a wedge. But, it is worth noting that the volatility has decreased significantly.
Work with a breakdown of the wedge resistance (important, high volume of the buyer) or with a stop at this point before the breakdown (risk).
It is worth noting that during the past dumps before the trend reversal, the price 2 times fell by a squeeze into the zone of 1.3-1.6$ Can in such a case use a stop with buy orders, in case of such a scenario (not necessarily).
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