Lista DAO: Bullish Sequence, Bullish Market, Bullish Confirmed

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.