The third pair was a different one but this one just came up; I believe it will grow like VITE and DATA, that is, fast and strong.
For this one I am mapping for you mainly two targets: 100% and 150%.
The 68% one can be ignored.
Notice the strong candle in April 2024. We can see something like this but lasting longer. Fast and strong but more duration for the bullish wave.
➖ Technical analysis
➢ We have a lower low, which means that all gains from the previous move have been removed.
➢ We have pretty low volume on the new low. Which means that the down move has no strength, no substance and thus can easily reverse.
➢ We have a rounded bottom as well as a falling wedge. Both are reversal patterns.
All of these can be interpreted as bullish signals.
Thank you for reading.
I am wishing you profits, joy and success.
Namaste.
For this one I am mapping for you mainly two targets: 100% and 150%.
The 68% one can be ignored.
Notice the strong candle in April 2024. We can see something like this but lasting longer. Fast and strong but more duration for the bullish wave.
➖ Technical analysis
➢ We have a lower low, which means that all gains from the previous move have been removed.
➢ We have pretty low volume on the new low. Which means that the down move has no strength, no substance and thus can easily reverse.
➢ We have a rounded bottom as well as a falling wedge. Both are reversal patterns.
All of these can be interpreted as bullish signals.
Thank you for reading.
I am wishing you profits, joy and success.
Namaste.
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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.