LRC/USD Local trend. Wedge. Capitulation zone 17 08 2024

Aug 17

Logarithm. Time frame 3 days (no less).

The price is in the capitulation zone in a local descending wedge, after breaking the long-term horizontal channel. The percentages are shown from the key zones for clarity.

Linear without market noise.



Main trend (most of the price chart history).

Aug 23

Note

23 08 2024 🟣 Pay attention to this cryptocurrency. There may be an exit from the wedge soon. If this happens, then with a high degree of probability, there will be #impulse /pump. If the price is held in the resistance zone of the wedge logic, then after the rollback from the second time, there will already be an exit. In any case, the price is at the minimum zone.

Sep 11

Note

12 09 2024

Sep 11

Note

Locally, the implementation of a double bottom, or another liquidity collection due to a long stop loss. Medium-term and long-term, the first and second zones (capitulation zone) are the trend minimums before the altseason. Due to relatively low liquidity, slippage can be anywhere, but this does not change the general essence.