On the left side of the chart, we can see a clear downtrend (marked with red-lines)... As the downtrend is active we know the bears have control of the chart and we expect lower prices.
Reaching June 2023 the trend becomes less steep, change starts to happen.
➖ LOKABTC starts a consolidation phase and produces one final low in October, from which point it starts to rise (confirmation one - ATL).
➖ As LOKABTC starts to move up it breaks above EMA100 and EMA50. There is a retry at EMA50 as support but prices start to bounce before reaching this level (bullish strength - second confirmation).
➖ After the lower lows we are getting higher lows and this action ends up as a rounded bottom pattern (third confirmation).
Slowly but surely we can see how everything is starting to change.
From a steep decline to almost sideways and now bullish with growth happening today.
From the bottom we go up... We have more than 400% potential mapped on this chart.
Namaste.
Reaching June 2023 the trend becomes less steep, change starts to happen.
➖ LOKABTC starts a consolidation phase and produces one final low in October, from which point it starts to rise (confirmation one - ATL).
➖ As LOKABTC starts to move up it breaks above EMA100 and EMA50. There is a retry at EMA50 as support but prices start to bounce before reaching this level (bullish strength - second confirmation).
➖ After the lower lows we are getting higher lows and this action ends up as a rounded bottom pattern (third confirmation).
Slowly but surely we can see how everything is starting to change.
From a steep decline to almost sideways and now bullish with growth happening today.
From the bottom we go up... We have more than 400% potential mapped on this chart.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
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.