TKO/USDT Mid-term work in the channel. Wedge. Double bottom

25 Sep 2021

This trading idea is a continuation of a past trading idea. Coin of one Asian exchange which is supported by Binance in every way.

The price is in a horizontal channel zone. The local downtrend has formed a wedge. The price is moving towards the zone of past channel support lows (potential double bottom).

Potential entry on a breakout or pullback after breaking through wedge resistance or from channel support levels (potential double bottom 150%). It is more rational to buy from a level rather than to a level, thereby reducing the probability of a premature entry.

Coin in coenmarket: Toko Token TKO

Past training/trading idea on this trading pair: TKO/USDT Downward wedgeWorking with the wedge

The formation of a tight price zone, as I showed earlier in the trading idea. Breakout of wedge resistance (downtrend)



Formation of a diamond pattern.



Over +150% from the reversal.

13 Okt 2021

Catatan

After breaking through the wedge resistance, a Ross hook was formed above the support zone of the internal channel 1.74

23 Okt 2021

Catatan

Ross Hook +30%. Rollback to the dynamic support of the local uptrend. The price is in the middle price zone of the position set in the channel.

28 Des 2021

Catatan

Trading situation now. The price is at the support zone of the internal channel.

28 Des 2021

Catatan

Price in the accumulation channel zone in its lower part. Let me remind you, this is an exchange coin.

28 Des 2021

Catatan

Reached the squeeze level of 1.27. One of the coins on which the market maker has held the channel range for now.

28 Des 2021

Catatan

Downward channel in a secondary trend. Achieved horizontal channel support zone of 1.27. A local concave bottom is forming, centered on its redemption at +36.3%

24 Mei 2022

Catatan

24 Mei 2022

Catatan