Notice how a very steep decline suddenly becomes flat. The bottom that is. As ZROUSDT was crashing down from December 2024 we have lower lows. Then something changes; market dynamics, price action, the trend, instead of lower lows the bottom goes flat and yesterday we have a double-bottom. This means that bears are no longer in charge. Buyers were present at support.
Truly, that's all we need to know.
No complexities, no hundreds of indicators, no "fundamentals," nothing, none.
Just this small amount of information tells us that the downtrend is over, with the downtrend being over we know a reversal can happen any day. We are expecting this reversal to start to shape itself now. A new uptrend will show up in the coming weeks. Bullish action will start within days.
LayerZero is going up.
Thank you for reading.
Namaste.
Truly, that's all we need to know.
No complexities, no hundreds of indicators, no "fundamentals," nothing, none.
Just this small amount of information tells us that the downtrend is over, with the downtrend being over we know a reversal can happen any day. We are expecting this reversal to start to shape itself now. A new uptrend will show up in the coming weeks. Bullish action will start within days.
LayerZero is going up.
Thank you for reading.
Namaste.
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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.