Gas | Will It Grow 410% or 1,133%? Let's Ask The Chart!

٢٠ سبتمبر

Gas grew more than 1,200% in 21 days last year... These things remain etched in your mind.

When we have a bad trade, a really bad one, it tends to remain and we develop aversion either to the environment, situation or the pair that caused the damage. In reverse, when we catch a strong bullish jump or see it happening very "close," we tend to keep the memory as well.

But what about the chart?
Does this chart, GASUSDT, supports a new and strong bullish jump?

Well, let's read it and see what it has to say.

➖ Technical Analysis

In June 2023 we have a volume breakout, very small in relation to the bullish-run but still many times higher compared to the daily average.

Right now, in September 2024 we have a volume breakout, many times above the daily average and the highest since January 2024.

In 2023 we had a consolidation phase and short-term lower low before the jump...
In 2024 we have a consolidation phase and short-term lower low before the jump.

Long-term, we have a higher low in September 2024 vs late 2023; a strong bullish signal.
The chart is saying, yes!

GASUSDT can go bullish, it can jump and even produce a higher high because the chart structure remains long-term strong.

It looks pretty good... You have to do your own planning of course.
Low risk, vs a high potential for reward.

Namaste.