BenQI | Higher Low Signal Explained (469% To 770% Bullish Pot.)
A lower low can be considered bullish when taking into consideration the broader market, "marketwide action," together with additional market signals. When we have a feeling of what is happening around us, we can interpret even bearish signals as bullish, if the data allows for this interpretation.
A signal that needs no such interpretation is the higher low. A higher low simple means strength, specially in the kind of environment we are dealing with right now.
Consider this; we've been looking at hundreds of altcoins, literally, and we are seeing how they all move lower and crash. Yet, lower or higher still a bullish wave is in the making.
For BenQI, the low was hit in October 2023. In June, July and August 2024 we have a higher low and a triple-bottom. The same low has been holding all these months. This is a strong bullish development.
We've seen in the past how Bitcoin moving down just barely would crash all of the altcoins. Seeing these grow regardless of what Bitcoin is doing, is another strong positive signal.
Higher lows tend to lead to higher highs.
This pair is good for a bullish wave.
Warning: What happens if prices move lower?
Buy and hold; think long-term.
The worst case scenario is a long-term hold.
Accumulation is recommended. We are looking at one of the last and best buy opportunities of 2024.
Be wise, be smart, stay strong.
Do your research, plan ahead —buy and hold, the market takes care of the rest.
We are looking at some short-term targets, short-term charts, but we focus on the long-term.
Thank you for reading.
Namaste.
A signal that needs no such interpretation is the higher low. A higher low simple means strength, specially in the kind of environment we are dealing with right now.
Consider this; we've been looking at hundreds of altcoins, literally, and we are seeing how they all move lower and crash. Yet, lower or higher still a bullish wave is in the making.
For BenQI, the low was hit in October 2023. In June, July and August 2024 we have a higher low and a triple-bottom. The same low has been holding all these months. This is a strong bullish development.
We've seen in the past how Bitcoin moving down just barely would crash all of the altcoins. Seeing these grow regardless of what Bitcoin is doing, is another strong positive signal.
Higher lows tend to lead to higher highs.
This pair is good for a bullish wave.
Warning: What happens if prices move lower?
Buy and hold; think long-term.
The worst case scenario is a long-term hold.
Accumulation is recommended. We are looking at one of the last and best buy opportunities of 2024.
Be wise, be smart, stay strong.
Do your research, plan ahead —buy and hold, the market takes care of the rest.
We are looking at some short-term targets, short-term charts, but we focus on the long-term.
Thank you for reading.
Namaste.
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🚨 Free PREMIUM Trade-Numbers
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