The action present on this chart confirms the bullish bias which is now present within the Altcoins market. The low/bottom was set in early February, on the third.
Notice first the very strong downtrend marked here with a black line.
We are looking at LISTAUSDT on the daily timeframe.
The day the down-trendline is broken LISTAUSDT produces the highest bullish volume day ever. So lots of buying happened to switch from bearish to bullish.
The initial bullish breakout, which is the first bullish jump after the bottom is in, tends to go into retrace immediately after showing up. This is standard price action. If the market is set to go bullish and continue bullish, this retrace tends to end in a higher low. This is exactly what we see on this chart. HL = Higher Low.
The higher low will lead to a bullish wave and the bullish wave will lead to higher and higher and higher prices.
Thank you for reading.
Namaste.
Notice first the very strong downtrend marked here with a black line.
We are looking at LISTAUSDT on the daily timeframe.
The day the down-trendline is broken LISTAUSDT produces the highest bullish volume day ever. So lots of buying happened to switch from bearish to bullish.
The initial bullish breakout, which is the first bullish jump after the bottom is in, tends to go into retrace immediately after showing up. This is standard price action. If the market is set to go bullish and continue bullish, this retrace tends to end in a higher low. This is exactly what we see on this chart. HL = Higher Low.
The higher low will lead to a bullish wave and the bullish wave will lead to higher and higher and higher prices.
Thank you for reading.
Namaste.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
🎯 LIFETIME Results: t.me/anandatrades/1183
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
🎯 LIFETIME Results: t.me/anandatrades/1183
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.