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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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.