Decentraland | Giant Harmonic Pattern Predicts Bullish Wave

15 Ağu

Whenever you have a bullish harmonic pattern, there is always a falling wedge at the end; thus, two bullish patterns in one.

Here we have this giant pattern, the bearish leg being almost three years old. This is coupled with a Doji last week, which hit a major support level (same as Feb. 2021).

The Doji coming at the end of a down move (very low volume after a three years long major low), can signal the upcoming reversal of the present trend. The trend is now bearish, lower highs and lower lows, so the reversal can lead to a bullish trend.

The bullish move can be big just as it can be small. Here I am mapping for you a safe target on this chart.

Expect fireworks to go off on the altcoins side of the market in the coming weeks. This will be the much expected bullish wave for the altcoins vs bitcoin pairs. Or maybe just the start, there is potential for these to grow long-term.

➢ Whatever happens, remember to do your own planning because; market conditions can always change.

Thanks a lot for your continued support.

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