To better understand this content, I recommend you see the previous analysis that I put the link below.
I have already said that I think the downtrend is over and it is time to accumulate. As we expected, the triangle was broken upwards with good strength.
Now we have to see if the upward trend has happened so soon? Or that it's just a short-time pump, and the price is going to stay in that range for a long time.
The orange descending channel that I mentioned in the previous analysis is broken upwards, and this is a very good sign. it is a seal of approval for what I have said that the downtrend is over.
Accumulation time: You see the most transaction in this area is the bottom of the chart. To start the uptrend, we need the price to go out of this range.
Therefore, new money needs to be injected into the market and new buyers need to enter. The good trend of the chart and the growth rate that this currency has the potential to be,is a good incentive for new buyers.
In this image I have identified a number of realistic goals that will be easily accessible.
Of course, it can also access to its previous ath, but for now its too early to say.
Let's see ...
I have already said that I think the downtrend is over and it is time to accumulate. As we expected, the triangle was broken upwards with good strength.
Now we have to see if the upward trend has happened so soon? Or that it's just a short-time pump, and the price is going to stay in that range for a long time.
Therefore, new money needs to be injected into the market and new buyers need to enter. The good trend of the chart and the growth rate that this currency has the potential to be,is a good incentive for new buyers.
In this image I have identified a number of realistic goals that will be easily accessible.
Of course, it can also access to its previous ath, but for now its too early to say.
Let's see ...
