On the above 1-day chart price action has corrected over 90% since last April 2021. A number of reasons now exist to be bullish, including:
1) Double “incredible buy” signals. Don't often see those.
2) Regular bullish divergence.
3) Price action resistance breakouts.
4) Latterly on the BTC pair (below) a life cross is printed. Interestingly price action breaks out of an ascending formation as sellers print wicks by selling into momentum, a fantastic signal.
Is it possible for price action to fall further? Sure.
Is it probable? No
Ww
Type: trade Risk: <=6% of portfolio Timeframe: 1 to 3 months Return: 10x
@gadgetsfan, There's this Japanese restaurant here in Munich... that's where I'll spend my winnings ;)
RLinda
⋅
Good view in the market. Thanks
SwallowPremium
⋅
Very potential chart!
Andy1GP
⋅
Actually I was looking at PLU plutus and that looks tasty at the moment
Andy1GP
⋅
What do you think of REEF?
without_worries
⋅
@Andy1GP, good token distribution considering market cap with buy signals on the chart. Good to go.
Kalete
⋅
Nice! TA looks similar to a token I've been watching on Kucoin called 1Earth. Ty sir!
without_worries
⋅
@Kalete, No, unfortunately not. Price action has not yet broken resistance and the market capital is frightening!
Kalete
⋅
@without_worries, I see. Well the correct MC can be found on Coingecko, CMC has yet to have it updated but it is a low cap indeed since it only launched 9 months ago.