CKB Grows 115% In One Day, What Does This Means For The Market?Yesterday we saw Nervos Network (CKBUSDT) growing an astonishing 115% in a single day, a single candle... What does this means?
I will get straight to the point, you never see 115% growth in a bearish trend, in a bear-market in a single day.
This means that the Altcoins are out of the correction and that we will see massive growth; just as expected.
👉 The pairs never move in isolation, it is all interrelated; what one does, the rest follows.
The best news of all is the chart pattern that preceded this major bullish break. Some pairs do move in isolation and can detach from the market, we've seen this many times before; but this isn't the case right now.
Here we can see the same exact pattern that we reviewed on literally hundreds of charts in the past 45 days.
➖ The major low in early August is followed by an "initial breakout."
➖ This initial breakout gets corrected and produces a short-term higher low.
➖ This higher low is considered super-bullish because it indicates the continuation of the bullish move.
The bullish breakout, 115% in a single day, is the confirmation of the continuation of the initial bullish breakout and predicts massive growth coming long-term.
Volume supports this move as well.
There can be retraces, swings, shakeouts and so on, but we are set for months of growth of all-across.
It will still be tricky to navigate the market, but you can't go wrong with the ones that are trading low, near support or at All-Time Lows.
If you don't know how to choose, just visit my profile starting mid-August, you will find hundreds of bullish charts.
Namaste.
