Acala Token | Reversal Candle & Volume (150% Potential)

1 Sep

Here we have an interesting one... Notice on the left side of the chart, late October 2023, the "reversal candle." After this candle prices start to rise; the initial breakout. Then a higher low and high volume comes in. A strong bullish wave.

The same dynamics are now repeating after a major lower low. The lower low is positive because it means that the bears had all the action they needed and wanted.

Mid-August, there is a "reversal candle," another one. This leads to the initial bullish breakout, prices start to rise. This breakout leads to a higher low, this is what I mention in the Bitcoin trade-idea on the section about the "altcoins market update."

Notice how trading volume rises strongly today, on this higher low. This is the start of a new bullish wave (the resumption of the bullish move after the initial breakout).

Additional details on the chart (targets).

Thank you for reading.

Namaste.