Traditional|KC1!|Long
Diupdate
Long KC1!
TA:
More accurate entry into the trade will be when the triangular consolidation zone/pattern is broken (Screenshot attached).
Globally, on the weekly and monthly chart, you can notice the cyclical nature of this asset, highlighting with the help of the linear tool "baseline" set at 25%, you can more clearly determine the zones in which the instrument has the best prices for building a long-term long position.
I also noticed a pattern, if the price either immediately goes below 25% of the line or does not stay there for a long time, after which the "bull market" begins now this is the situation, the price was able to gain a foothold at the border of 25% of the line.
From the last global price high of 308,9 and the next local highs of the downtrend, a trend line/resistance level was formed, which was broken on 04.10.19 and in the subsequent testing acted as a line/support level. I consider the breakout and consolidation above and the absence of further fall after the breakout of this level-a signal to stop the downward movement and the formation of a consolidation/accumulation zone (Screenshot attached).
The beginning of the formation of the consolidation zone can be seen with the beginning of changes in the dynamics of local lows and highs (indicated by blue ticks), in the subsequent development of the price, the lows were higher than the previous ones, as well as some highs, they formed a triangular consolidation/accumulation zone after which growth can follow. (Screenshot attached).
You can also select 3 stages/cycles of price development, descending, accumulation zone and growth, highlighted in red, yellow, green (Screenshot attached).
I highlighted on the chart a possible change in the dynamics of global trend support levels (Screenshot attached).
The take level is determined using three fibonacci levels, global, local within the downtrend and the fibo level to determine the take price, using the resulting combination of zones, I determined the zone for the take (highlighted in orange) (Screenshot attached).
The stop-loss zone is highlighted in red, it is located under the last support level of the global fibonacci and under the global trend level (Screenshot attached).
We also considered the scenario with no penetration of the triangular pattern (highlighted with red arrows) (Screenshot attached).
There are 2 positive outcomes in which the idea as a whole will be relevant, and the resulting levels will be attractive to buy:
1. Rebound or not consolidate at the upper boundary of the triangle and a drop of its support, then the price is going to retest resistance.
2. Rebound or failure to fix on the upper boundary of the triangle and fall to its support, support does not hold the price and the price falls to the support level of the global fibo.
TA:
More accurate entry into the trade will be when the triangular consolidation zone/pattern is broken (Screenshot attached).
Globally, on the weekly and monthly chart, you can notice the cyclical nature of this asset, highlighting with the help of the linear tool "baseline" set at 25%, you can more clearly determine the zones in which the instrument has the best prices for building a long-term long position.
I also noticed a pattern, if the price either immediately goes below 25% of the line or does not stay there for a long time, after which the "bull market" begins now this is the situation, the price was able to gain a foothold at the border of 25% of the line.
From the last global price high of 308,9 and the next local highs of the downtrend, a trend line/resistance level was formed, which was broken on 04.10.19 and in the subsequent testing acted as a line/support level. I consider the breakout and consolidation above and the absence of further fall after the breakout of this level-a signal to stop the downward movement and the formation of a consolidation/accumulation zone (Screenshot attached).
The beginning of the formation of the consolidation zone can be seen with the beginning of changes in the dynamics of local lows and highs (indicated by blue ticks), in the subsequent development of the price, the lows were higher than the previous ones, as well as some highs, they formed a triangular consolidation/accumulation zone after which growth can follow. (Screenshot attached).
You can also select 3 stages/cycles of price development, descending, accumulation zone and growth, highlighted in red, yellow, green (Screenshot attached).
I highlighted on the chart a possible change in the dynamics of global trend support levels (Screenshot attached).
The take level is determined using three fibonacci levels, global, local within the downtrend and the fibo level to determine the take price, using the resulting combination of zones, I determined the zone for the take (highlighted in orange) (Screenshot attached).
The stop-loss zone is highlighted in red, it is located under the last support level of the global fibonacci and under the global trend level (Screenshot attached).
We also considered the scenario with no penetration of the triangular pattern (highlighted with red arrows) (Screenshot attached).
There are 2 positive outcomes in which the idea as a whole will be relevant, and the resulting levels will be attractive to buy:
1. Rebound or not consolidate at the upper boundary of the triangle and a drop of its support, then the price is going to retest resistance.
2. Rebound or failure to fix on the upper boundary of the triangle and fall to its support, support does not hold the price and the price falls to the support level of the global fibo.
Catatan
Screenshot.The consolidation/accumulation zone that formed a triangular pattern + the points of change in the dynamics of min/max marked with blue ticks.
Catatan
Screenshot.Using three fibonacci tools.
1 - Fibo to determine the possible price.
2 - Global Fibonacci levels.
3 - Local Fibonacci levels.
Green zone - a zone formed by a combination of fibonacci levels.
Catatan
Screenshot.Use of trend zones.
The red area is the area of the downtrend.
Yellow zone - consolidation/accumulation zone.
Green zone, the zone of the uptrend.
Catatan
Screenshot.Using three trend levels 2 support, 1 resistance.
The lower two levels show a possible change in the trend direction of this support.
Catatan
Screenshot.Consideration of an alternative scenario and designation of the zone for the stop.
Catatan
Screenshot.Use the "baseline" line tool with the line at 25%.
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