SmartKey: Simple Signals & 2263% Growth PotentialSee how here we reveal a chart bias. While the upper range of the consolidation range —in blue— to the right side gets broken, the lower range, support, continues to hold long-term. The bias is revealed as prices start to move higher and support also starts to rise. Higher lows and higher highs.
There is no major bullish phase yet but the chart bias is bullish and pointing up. This is my translation of the candles and action shown on this chart. SKEYUSDT.
Now that we determined where the next major move is going, we only need to define our targets. How far up can it go?
The first target can be generalized as the reversal of the bear-market. This amounts to a target around 0.48840 or a 1400% growth potential. Back to long-term baseline.
Then we can use other methods such as the Trend-Based Fib Extension to get more numbers beyond the base. This is what you see on the chart.
This is a simple analysis based on simple signals.
Thank you for reading.
Namaste.
