NFT/USDT 1D. Secondary trend. Wedge. APENFT. Justin Sun.

NFT/USDT 1D. Secondary trend chart.

In the secondary trend we can observe the falling wedge forming.

In this wedge we've seen couple local downtrends forming, which are shown on the chart here.

Another such local downtrendline(red on chart) has been formed on broken above. As for now the price is in the consolidation and is moving in the small range between the levels 0.0...31 and 0.0000..88.

There's potential double bottom forming. The base of it is 14%(balance).

Notice that this is TRX's groups of tokens. I.e. Justin Sun's one. This coins like to sometimes move against the market.

The potentials above and below are shown on the chart.

It's quite likely we ain't gonna see really big move quite soon. Only local movements probably, but when the time comes it can move pretty huge.

Also notice that as the price drops(if it happens) - the targets are also obviously moving with the price. But with the time goes by, i think that in a half year - year there's a big probability of this falling wedge targets working out.

Notice also that there's some insignificant volume increase recently.