Look here. First notice the volume. Immediately you see green bars sticking out. Since we have a low but some mixed action also, this volume signal is the first thing that will tell us that the bulls are in the game. If it isn't showing on the price, it will do eventually.
Then we notice the entire chart, the structure. On the left side we had a downtrend and then a major low. Many people can assume that after the bounce a bearish continuation is the next logical step. They would say that it is already dropping and it should continue doing so until there is proof of something different. But we already saw the volume signal and we also know the bigger picture, the market never stays the same. It fluctuates, so we are always looking to exploit this transition period, this moment of change.
After the correction bottom we have no new lows. CTKUSDT (Shentu) is moving above MA200. This level is matching perfectly the 3-February low. This is the final resistance. Once above this level, which is already happening, expect bullish momentum to grow; maximum speed up and the highest prices since 2021 or even ever. The highest ever. This is where we are going.
Thank you for reading.
Namaste.
Then we notice the entire chart, the structure. On the left side we had a downtrend and then a major low. Many people can assume that after the bounce a bearish continuation is the next logical step. They would say that it is already dropping and it should continue doing so until there is proof of something different. But we already saw the volume signal and we also know the bigger picture, the market never stays the same. It fluctuates, so we are always looking to exploit this transition period, this moment of change.
After the correction bottom we have no new lows. CTKUSDT (Shentu) is moving above MA200. This level is matching perfectly the 3-February low. This is the final resistance. Once above this level, which is already happening, expect bullish momentum to grow; maximum speed up and the highest prices since 2021 or even ever. The highest ever. This is where we are going.
Thank you for reading.
Namaste.
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🚨 TOP FREE Trades
ETH +2050% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +580% · SOL +687%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6681
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
ETH +2050% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +580% · SOL +687%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6681
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.